DrStool Posted April 24 Report Share Posted April 24 The 5 day cycle projection on the ES 24 hour S&P futures is now around 5150. It looks like a better than even bet. At 5083, it's already more than 5050, right? The conventional measured move target of this rounded bottom base breakout is around 5200. I don't think we'll get there today, but I wouldn't be surprised if we did. On the other hand, if they stall at 5093, there would be more work to be done, with uncertainty creeping in to the mix. Gold to Hibernate Till Winter LEE ADLER 3 - GOLD TRADER APRIL 24, 2024 Gold should be entering its annual hibernation phase as the 9-12 month cycle tops out and heads into a down phase. Intermediate cycles are in down phases but I see no sign of a big drop. Non-subscribers click here for access. Subscribers, click here to download the report. Only one mining pick is left to swing. Subscribers, see table in report. Non-subscribers click here for access. Try Lee Adler’s Gold Trader risk free for 90 days! For moron the markets, see: Gold to Hibernate Till Winter April 24, 2024 Watch Closely as Warning Signs Abound April 23, 2024 Swing Trade Screen Picks – Perking a Long April 22, 2024 Swing Low Sweet Chariot April 22, 2024 One More Rally To Go April 17, 2024 Warning Signs Abound, But Ignore Them for Now April 16, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 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. Link to comment Share on other sites More sharing options...
DrStool Posted April 24 Author Report Share Posted April 24 Consolidation, consoli da a tion, is making me wait. Link to comment Share on other sites More sharing options...
DrStool Posted April 24 Author Report Share Posted April 24 Testing spport. 5150? Fuggeddaboudit fer now. Swing Trade Screen Picks – Perking a Long Link to comment Share on other sites More sharing options...
DrStool Posted April 24 Author Report Share Posted April 24 If this thing isn't below 5065 by the last hour. I predict An explosive upside breakout. 5065. Link to comment Share on other sites More sharing options...
DrStool Posted April 24 Author Report Share Posted April 24 There's the doink. Gotta hold below. Link to comment Share on other sites More sharing options...
DrStool Posted April 24 Author Report Share Posted April 24 wild tape but still a flat down phase in the 5 day cycle. Now if it doesn't break 5055, upside breakout coming. Link to comment Share on other sites More sharing options...
DrStool Posted April 24 Author Report Share Posted April 24 Yawn. I'm gonna call it a nite. It's a nite! Bonne nuit et bon courage! Link to comment Share on other sites More sharing options...
SiP Posted April 24 Report Share Posted April 24 what a nice easy way to get rich! Link to comment Share on other sites More sharing options...
Recommended Posts