I am currently in Szczecin where you should never be in December. Meanwhile, the ES S&P fugutures are in Never Never Land, on the way to Dante’s Inferno. Where we were earlier, in the pre market was up. Where we are at the open is about even.
Where we are going according to the 5 day cycle projection is 4500. But already been, there done that, overnight. The 2-3 day cycle projection is 4480-4500. Whether we get to the lower reaches depends on how this opening bounce off the double bottom on the hourly does.
More later! Meanwhile, the big picture.
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