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Who Gets the Finger This Time

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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

14no2-

For moron the markets, see:   

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