The finger has been fully inserted. The bull/bear prostate exam is complete. The question is, who survived the experience and who didn’t.
The chart pattern on the ES 24 hour S&P futures is stunning in its incoherence. At least the hourly cycle oscillators look bullish. Or do they? The upside momentum is waning at the moment. Trend spport is rising from 5045 at 7 AM ET to 5067 at the NY close.
Resistance is declining from 5082 to 5076. Between those lines is the deciding not to decide zone. The Fed Doesn’t Matter Any More May 1, 2024
For moron the markets, see:
- The Fed Doesn’t Matter Any More May 1, 2024
- Swing Trade Screen Picks – Hidden Gems April 29, 2024
- They Walked the Line April 29, 2024
- Gold to Hibernate Till Winter April 24, 2024
- Watch Closely as Warning Signs Abound April 23, 2024
- Warning Signs Abound, But Ignore Them for Now April 16, 2024
- March Withholding Tax Collections Actually Stunk April 5, 2024
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