13 hours ago, Jimi said:Lee, this remains the best damned site on the internet for people like us.
All 5 of us.
Baahhh dump dump.
Meanwhile the 5 day cycle projection on the S&P fucutures at 5:30 AM in NY was 4125-30.
Using the 4 hour bars, I can show you that as I write, they have bounced from trend support dating from March 4.
If this breaks, it would be significant for the longer cycles that I don’t cover here, but cover in Technical Trader. This may be one of the rare occasions where I may need to post a midweek bulletin. Click to get that service risk free for 90 days.
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I forgot to draw the current red channel. Here it is on the 30 minute bars. They’re testing the top. The 2-3 day cycle projection was 4160, overshot. Indicators suggest that the cycle has bottomed.
Taking aim at the 5 day cycle projection now looking like 4132.
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.
