Here’s a chart of it.
And another.
But here, we concern ourselves with the mundane day to day.
And the question at hand is whether we get the 4 day version of the 5 day cycle and bottom this morning, or is there one more day of carnage ahead. I don’t have the answer. The levels to watch for clues are 5103 and 5129. A break of the former would suggest another day of carnage. For the latter, blue skies. To 5150, anyway.
As for the bigger picture, I am working on a Technical Trader update to be posted before NY opens. Meanwhile, Swing Trade Screen Picks – What to Do With Profitable Week Behind
For moron the markets, see:
- Swing Trade Screen Picks – What to Do With Profitable Week Behind March 8, 2024
- Gold Sets Up for Major Breakout March 6, 2024
- The Magic of Rising Stock Prices Driving Liquidity, Driving Prices March 4, 2024
- How Stocks Can Forestall the Inevitable March 4, 2024
- Tax Collections Took Off in a Stunning Reversal in February March 3, 2024
- Swing Trade Screen Picks – Read My List, No New Shorts March 1, 2024
- We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024
- Gold Holds for Hold February 24, 2024
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