Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead. Dead I say. If they are above that, then the next couple of days will see the market race to the top of this chart.
The 5 day cycle projection is now 3915, all but done.
Doesn’t guarantee anything.
Cycle oscillators are very extended and look toppy.
Doesn’t guarantee anything.
I’m out for the rest of the morning. Have fun.
Blecch.
For moron the markets, see:
- Swing Trade Screen Picks – Low Conviction January 9, 2023
- You Think That Was The Bottom? Think Again January 8, 2023
- Withholding Taxes Are Soaring January 6, 2023
- Gold Has Begun a Cyclical Bull Market January 4, 2023
- Here’s Where Short Term Signals Either Confirm Bullish Or Else January 2, 2023
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
- May Gold Be Merciful Unto Us, Amen December 19, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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.
