The ES 24 hour futures have broken through a signal strip, but immediately paused. IT needs to hold above 5145 in the early going to stay on the buy side. Otherwise, hippobottomus.
One difference on this rally so far is that it's not starting like it's shot from guns, so maybe it will have more staying power than puffed rice this time.
No More Downside
LEE ADLER 2 - TECHNICAL TRADER APRIL 15, 2024
That may be a little extreme, but indications that the 6-month cycle down phase, which has shown up very late in the cycle, xxxxxxxx xxxxxx xxxxxxxx xxxxxxxx potential. That’s consistent with another month of xxxxxxxx liquidity ahead. Non subscribers click here to access.
Technical Trader subscribers click here to download the complete report.
Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days!
For moron the markets, see:
No More Downside April 15, 2024
Back to the Gold Old Days 4/9/24 April 9, 2024
Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market April 9, 2024
March Withholding Tax Collections Actually Stunk April 5, 2024
Banking Data Says This Is Last Hurrah for Stocks April 3, 2024
The End Is Not Nigh March 26, 2024
Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024
We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.