Is this a stick a fork in it moment. The S&P fugutures (ES) say “Maybe.”
Finally something to get excited about. Of course, nobody is here to see it. A stealth crash opportunity if there ever was one. Just imagine the chaos on Monday if this sticks. Here’s a chart and some targets.
We have a new, wider downtrend channel, with a 5 day cycle projection of 4645 on the ES, S&P fugutures.
5 day cycle projection on ES, S&P fugutures 4655-60. But what a mess. If they clear 4685, could be off to the races on the upside again. Otherwise we got ourselves a steep downtrend working.
Reason to Stay Optimistic on Gold
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This market is making me feel so sleepy, it’s like I already ate the turkey.
I just realized that yesterday was, in addition to being Vaccine III day, my second anniversary as an itinerant American in Europe.
Wow. Whodathunk.
Meanwhile, the zag has a lag, as the ES S&P 500 fugutures throw one hissy fit after ano…
Yesterday morning I stuck my tongue firmly in my butt cheek and produced this chart of the ES, S&P 500 fugutures.
So far, it isn’t right, but it isn’t wrong either. At least not yet.
Yesterday, I wrote:
Today, we’re stil…
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…