The ES has gone sideways since Friday’s close. All short term uptrend lines remain intact. Hourly indicators have rolled over a bit, but they’ve stayed in positive territory so far in the pre market. A little dip below 5617 could trigger sell signals and a pullback to the first target area around 5585. But if they stay firm at 5617+ then the path of least resistance will be upward. There’s an unmet 5 day cycle projection of 5700 hanging out there beckoning.
For moron the markets, see:
- Stock Market Has Perfect Lineup for Fall Classic September 16, 2024
- Gold Gets Ready to Rumble 9/12/24 September 12, 2024
- Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils September 11, 2024
- Swing Trade Screen Picks – Read My List, No New Picks September 10, 2024
- How Deep Was My Valley September 9, 2024
- Here’s Hard Evidence that the Slowing Economy Narrative is False September 8, 2024
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