That, ladies and germs, is just the 5 day cycle projection. The measured move target of the base breakout is 4820. But I don’t expect that to happen today.
At least not in the first hour. Maybe the second.
Bwahaha.
Not funny.
No…
As I’m headed down the highway back to Warsaw, okay it’s not really a highway, more like a country road, I stopped to look at the market on my phone. My reaction can be seen in the headline above. Meanwhile I took a screenshot of the chart and I am att…
There’s just too much overhead. The indicators don’t set up well for a breakout here, but the tale will be told when New York opens. The key level looks like 4568-74. If they don’t clear that, bears have the ball.
If they clear it, bulls maintain…
Well, it was down 20% at one point today (Saturday). CNBC says that a 20% decline is a bear market. All the other outlets have…
In short, lower highs and lower lows, with multiple attacks and failures at sport lines. Aka “support” for the uninitiated and uninoculated. If this was a daily chart, it would be a bear market. No doubt that’s coming. This is what the stock proctolog…
I am in Szczecin. The ES S&P fugutures are in Never Never Land, on the way to Dante’s Inferno. Where we were earlier, in the pre market was up. Where we are at the open is about even.
Where we are going according to the 5 day cycle projection…
The ES S&P 500 fugutures made a new low yesterday, but it was not confirmed by lower lows in hourly oscillators. Now, here we are, off to the races again, overnight and in the pre market his morning. The 5 day cycle projection is 4675-80.
At t…
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Yes, the market has made a U turn. What should we expect?
Meanwhile, I’m on the road again, driving a rental car this time, so will make this short. I’ll check back in about 3 hours.
They’ve broken the downtrend channel and this little base …
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