Is that what this bottom is about to do? Hard to say. A 5 day cycle projection of 4450 on the ES S&P futures hourly chart is all but done. The chart looks set up for a bottom here. So if this low breaks, it’s likely to lead to drama on the high seas. Or at least to a multiline convergence at 4443. That’s not much drama.
On the other hand, I’d say that they need to get this back above 4475 by the New York open, or bad things could happen at any time.
- Swing Trade Chart Picks Maintain Sell Side Tilt April 11, 2022
- There are Profit Opportunities in a Rangebound Market April 10, 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
- Seven and a Half Weeks of Bullish Liquidity Ahead March 19, 2022
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 filter.
