That’s on the hourly ES, S&P 500 futures chart, just before 6 AM in New York. Yes, normally I am in Nice. But this month I’m in Cannes, except today. I’m traveling to Hyeres for the day today. Won’t be around until late this afternoon your time.
Meanwhile, the market needs to clear 4496-4504 to really get anything going on the upside. Otherwise it’s a false alarm.
And even if they do get it going, I would think that the target would be only 4436, where multiple trendlines converge.
For the big picture:
- Holding Longs, Adding Shorts April 4, 2022
- Market Still in “Fool The Majority” Mode April 3, 2022
- Why March Withholding Taxes Showing Red Hot Economy Is Bearish April 3, 2022
- The Iron Pyrite Trade April 5, 2022
- Fragile and Dangerous Semi Blind Spot March 28, 2022
- Screens Be Nimble, Screens Be Quick – They Were! March 27, 2022
- Here’s Why This Will Be “The Rally that Fools the Majority” March 26, 2022
- Seven and a Half Weeks of Bullish Liquidity Ahead March 19, 2022
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