Look at this hourly chart of the ES S&P 500 fugutures. It’s obviously a top, right?
Well, not so fast, cowgirl!
What if we just move the chart over and down a bit. Then what does it look like?
The ES S&P fugutures may have set a 5 day cycle low in the wee hours this morning. They look poised to move higher here again after making yet another higher low. Pullbacks just ain’t what they used to be. Right?
Lindsay Williams interviews Lee Adler; Topic- the frightening monetary inflation and economists’ selective memory. Content hosted by iono.fm We talked about this chart.
No, I’m not talking about the card game.
Friday I called attention to an obvious buy setup.
Later, I likened that setup to a hot poker.
Now, they’re turning the hot iron in the fire. The 5 day cycle projection is 4708. Th…
That it’s 4648 to 4667. Those are the numbers to beat on the ES, S&P fugutures this morning. Anything within that box is meaningless. A breakout either way should be a signal for a bigger movement.
Given that the 5 day cycle up phase is…
Why did the market bounce where it did? Why, the green line, of course. Eventually, one of the green lines holds. The trick is to guess which one.
And of course, we must contend with the red lines on the way back up. And there are two directly ov…
They always tell us that monetary policy works with a lag. Who am I to argue. They’re the experts. The purple line is total Fed…
From the Department of Buttcoin Pops. AKA if you don’t own it, it hurts. Even if it is a pus filled butt boil. I have…
That’s the number to beat to break out of this horrendous downtrend that is killing stock values. Woe is me.
This looks oddly familiar. Where have I seen this before?
This is just for intrepid day traders.
For more on the big pic…
In the search for truth, justice, and the American way, I present the Flag of the Federal Reserve State of America. God Bless Lord Jaysus, who saves us. AY MEN!
Dare I guess that this will break out to the upside, and that the next target would t…