No doubt about this morning. They bulls are stampeding. There’s a 5 day cycle projection of 6060 on the hourly chart of the ES, 24 hour S&P futures. That suggests a challenge of the post Christmas high of 6050. But they’ll run into resistance first around 6000 and 6020. Mild pullbacks at those levels would be a setup to attach the all time high.
Short term trend spport rises from 5955 to 5980 over the course of New York regular trading hours.
Moron the markets:
- Master Market Cycles – Exclusive Swing Trade and Short Sale Picks for January 2025 January 6, 2025
- Is Gold Approaching a Critical Turning Point? January 2, 2025
- Top Chart Picks for Traders – Download Full Report | Liquidity Trader December 30, 2024
- Topping Patterns? Here Are the Year-End Signals December 30, 2024
- New Year’s Chart Picks Update December 30, 2024
- Liquidity Trends and Stock Market Insights – Is a Bear Market Imminent? | Download Full Report December 24, 2024
- Macro Liquidity Report: Key Market Trends & Insights for 2025 December 17, 2024
- Stock Market Outlook: Extreme Valuations, Liquidity Growth, and the Road to the Next Bear Market December 8, 2024
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.
