So I woke up in the middle of the North Atlantic this morning and the wires were saying MASSIVE FUTURES RALLY ON EASED TRADE FEARS.
Went to breakfast. Returned to room. Hooked up to the satellite and what do I see? Market down 2.27.
So much for the huge rally.
Although they're at minor support here, so should bounce.
OTOH 2 day cycle projection says 2704.
2 and 3 day cycle projection 2745. 5 day 2755, done.
Posting from the Queen Mary 2 somewhere in the North Atlantic headed for the UK! Ultimately I'll be in Nice, France for the winter maintaining a regular work schedule as always.
And the insurers will need to liquidate bonds.
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2, 3, and 5 day cycle projections were all 2785 give or take. That's been exceeded. I have nothing below that, yet.
5 day uptrend line around 2785, they're flirting with. Next support area below looks around 2758.