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Ain’t No Mountain High Enough 7/9/24

This is a syndicated repost published with the permission of Stool Pigeons Wire at 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 ES 24 hour S&P futures have shifted into trending mode in all of the time frames that we watch on this thread. There’s neither a 5 day or 2-3 day cycle projection. Both have been surpassed and there’s not enough wave amplitude for any downside projections. I was able to derive a projection using moving averages for a 4 day period and they pointed to a high of 5595-5600.

The market does appear to be cycling on a 3 day basis with a low ideally due tomorrow and a high due Thursday. But that only suggests possibly a bit of slowing today and tomorrow. The ES would need to end today below 5570 to break this phase of the uptrend. It would need to close below 5560 to create a potential short term top pattern. Big Move in Superficial Intelligence


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