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Don't Get Excited About that Thwack- 3/1/24

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The ES 24 hour S&P futures hit their 2-3 day cycle projection of 5105 overnight and promptly got whacked. But lest you, my bear friends, get too emboldened, the pattern will still be bullish, unless and until they break spport lines at 5080, 5075, 5070, 5065, 5060, 5055, and yea, oh ye who hold out hope, yea, even 5050, of which I think the chances are less than 5050. 

In fact, I think the 5050 chances were greater on the upside when I first made the call back on January 22, than on the downside now, despite being closer to it now.  Charts Say- All Important Monday

For now, looks like they're headed into a 5 day cycle down phase until Tuesday or Wednesday. My ill informed guess is that it won't amount to much, but I'll take a second look at that conclusion depending on whether they can manage a break of even though initial spport lines. 

Trading well is about always knowing how to find a good spport to play with. 

I got a swing trade chart picks update coming before the open. The current list is up 7.4%, a nice jump from last week's 4.8%.  

13rh0a

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If you don't know, the world is all bulled up by AI. That's because AGI is coming probably this year and when someone has that that then ASI will not be far behind. What's ASI you ask?

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7 minutes ago, Jorma said:

If you don't know, the world is all bulled up by AI. That's because AGI is coming probably this year and when someone has that that then ASI will not be far behind. What's ASI you ask?

ASI = Artificial Superintelligence

 

 

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1 hour ago, Jorma said:

If you don't know, the world is all bulled up by AI. That's because AGI is coming probably this year and when someone has that that then ASI will not be far behind. What's ASI you ask?

ASI= Artificial Speculative Intelligence......financial markets go full mania, alt coins are renamed blue chips

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1 minute ago, DrStool said:

High base breakout measures to 5165.

Technical Anal Ice Is Easy

would be interesting to see trouble at 5150......

 

5150 is the number of the section of the Welfare and Institutions Code, which allows an adult who is experiencing a mental health crisis to be involuntarily detained for a 72- hour psychiatric hospitalization when evaluated to be a danger to others, or to himself or herself, or gravely disabled.

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50 minutes ago, potatohead said:

would be interesting to see trouble at 5150......

 

5150 is the number of the section of the Welfare and Institutions Code, which allows an adult who is experiencing a mental health crisis to be involuntarily detained for a 72- hour psychiatric hospitalization when evaluated to be a danger to others, or to himself or herself, or gravely disabled.

😂😂

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