But it needs to break down below 3512 before it means anything. Then the conventional measured move target would be 3370-75.
Politics doesn’t matter. There are two rules.
At 6:30 AM in New York, the ES fucutures have spent the overnight hours pulling back, reaching key support at 3460. That also happens to be the 5 day cycle downside projection.
What happens next depends on whether this support level and target ho…
Straight from the blowing bowels of the NY Fed.
I can say only that I’m glad not to be in the US now. I’m doing my best to avoid consuming any news. Just make it stop, ok?
Meanwhile, Wall Street rolls and the clueless media invents a different excuse for it every 15 minutes.
Actually, over the very long term, it’s not bullish at all. But in the short run? Aye, there’s the rub.
Speaks for itself. 5 day cycle projection is 3365. The conventional measured move target of the inverse head and shoulders breakout is 3425-30
Or is it?
Click to engorge.
The hourly oscillators certainly suggest so. It’s a quite bullish pattern. To confirm, the ES fucutures need to clear 3335. That would break the last peak, and the downtrend channel.
The conventional me…
I woke up this morning to see the ES down over 60 points from yesterday’s close. I expressed my shock in a few posts at the end of yesterday’s thread.
had you been trading the futures from yesterday’s clothes through the overnight session and int…
Sent straight from the bowels of the NY Fed.