Yes, that’s right stocks fans. They’re lined up at the starting gate ready to run again. The 5 day cycle projection on the ES now looks 5475-85. The first support line rises to 5470 at the New York close. They gotta break that to begin to break the uptrend. First resistance trendline is around 5505 at the close.
For moron the markets, see:
- Pit Oval Week Lies Ahead August 11, 2024
- Swing Trade Screen Picks – Catching Many Fish August 12, 2024
- Still Looking Up for Gold August 9, 2024
- Tax Collections Were Worse than the Jobs Report But… August 5, 2024
- Why Primary Dealers Net Short Fixed Income Is Now Bad News for Stocks August 1, 2024
- End Stage Hysteria Breaks July 24, 2024
- Picking Up Nickels in Front of a Steamroller July 9, 2024
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