Late yesterday, I pointed out the sport line convergence at 4050 on the ES, 24 hour S&P fuguetures. Of course it held. Now we’re back on our way up, in a new 5 day cycle up phase. As of 8 AM ET, they’ve hit resistance at 4082. If that’s cleared, next stop 4100.
That’s all for now. I’ll be back.
For moron the markets, see:
- Swing Trade Chart Picks – The Future is One Word – Baking Soda April 26, 2023
- Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023
- Why Not Get Too Excited About Bearish Proclamations… Yet April 24, 2023
- Is Gold Still Ticking After This Licking? April 19, 2023
- The Fed’s Circle Jerk, is ‘Twerking? April 18, 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
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