I am working on a Liquidity Trader Report which I would desperately like to finish this morning, but probably won’t. So I will keep this short.
For US stock index fuguetures this morning it’s the same old, same old. They’re still uptrending. They’re still extending that high base breakout on the hourly chart of the ES, S&P futures, and the implied target of that breakout is still 4210.
The move is choppy. That’s for sure. But it doesn’t negate the fact that it is a solid trend of higher highs and higher lows. The chop just gives bears false hope. I love bears. I’m a semi retired bear, myself, having spent many years out standing in the field. I want to protect my bear friends from harm. So I tells it like I sees it. One day I will rejoin you for a final lap, but for now, it is what it is.
By the way, today is Cliché Day. It’s one of my favorite holidays, along with Pun Day.
There’s no 5 day cycle projection yet. The 2-3 day cycle projection looks like 4175. We’re almost there. More chop ahead.
For moron the markets, see:
- Here’s How This Week Will Show Whether Bulls or Bears are in Trouble April 17, 2023
- Here’s What’s Next Now That Gold Has Reached Its Limit April 10, 2023
- Cycle Indicators Tell How to Play This Rally Now April 10, 2023
- Here’s How We Know That Doom Has Already Arrived April 6, 2023
- Macro Liquidity Says No Way Jerray! April 4, 2023
- How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023
- Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023
- Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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