Jump to content

Done! 11/5/21

Rate this topic


Recommended Posts

The last 5 day cycle projection I posted yesterday for the ES S&P 500 fugutures was 4690. Updating that this morning, it's back to 4685, which is being tagged as we speak here at 5:30 AM in New York. 

Are they done here? 

I doubt it. The market has clear sailing to 4715 this morning on the hourly chart. It would need to break trend sport at 4670 to have even a minor reversal shot. 

Frankly my dear, I think we're going to 5000. 

But probably not today. 

tvc_c6394abf2ba1c6a644ff8129bc1655c4.png

 

For more: 

Why Jerome Powell Had a Frog In His Throat

Gold Is in Perfect Equilibrium AND Maximum Uncertainty

Stock Pause That Refreshes

Swing Trade Screens Yield More Sells than Buys Again

Get the big picture in your inbox every weekend.

Get your regular updates on all things monetary, and what that means for stonks. 

It Only Takes One House Fire to Start a Conflagration

Link to comment
Share on other sites

  • Replies 21
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Participation rate stays the same. All those people who don't need to work. They raised pay to entice people back to work but hey, that's a one off, no reason for wages to keep going up, it's "transitory," inflation solved. Rainbows and gumdrops. Buy! Buy! Buy!

Link to comment
Share on other sites

Just now, Mkucstars said:

Ah, but just as all patterns are bullish, aren't all misses revised? Last few months were.

I freely admit that I have no clue how the BLS comes up with these numbers. They don't jibe with the tax data at all. One is real. The other isn't.  

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...