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.
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.
