There was a jailbreak in the market on Friday, but this morning, the inmates are trying to get back in for a nice breakfast. Whether they try to run again after breakfast, we’ll just have to see.
The key level to watch on the ES, 24 hour S&P hourly chart is around 4595-4600. If that holds this morning, then the criminals will likely head for the hills later today. But under 4595, they might stay locked up. Although the dungeon doesn’t look like the destination. There are spport lines every 5 to 10 points on the way down where criminal inmate spporters are likely to step in.
But the 5 day cycle is due to be in a down phase ideally until Turdsday, so I wouldn’t expect a re-jailbreak before that. Stock Market Dancing on the Ceiling
Now get out there and hit those shopping malls! Stocks are on sale!
For moron the markets, see:
- Swing Trade Screen Picks – No Gifts for the Holidays December 11, 2023
- Stock Market Dancing on the Ceiling December 10, 2023
- Gold Got There Fast But Race is Over December 6, 2023
- Tax Revenues and Liquidity are Crashing December 4, 2023
- This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023
- A Rally Can’t Live on Hope Alone November 20, 2023
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