The silence of the bulls is deafening. But maybe they’re just around the corner. 5 day cycle projections on the ES 24 hour S&P futures have been surpassed. A 2-3 day cycle projection looks to be 4305. Spport is indicated at that line and 4300. So maybe the round number boyz will save the day. If not, we could be looking at 4280. Prime Time for Danger and Opportunity
And for perspective, the 2 hour bars show the crash potential if they don’t bounce here.
Meanwhile, the 10 year yield is heading for 4.70 in the short run. The Rhymes of History
For moron the markets, see:
- Prime Time for Danger and Opportunity September 25, 2023
- The Rhymes of History September 24, 2023
- Gold’s Flat Squeeze Tightens September 21, 2023
- Screen Picks – An Awful Week, But Hold On a Minute! September 18, 2023
- Here’s Why This Stuck Market Is Not Surprising September 13, 2023
- Beware! Jobs Really Much Weaker Than They Say September 4, 2023
- Here’s Why This Is a No Clickbait Market for Primary Dealers August 24, 2023
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