DrStool Posted July 29 Report Posted July 29 The 5 day cycle projection on the ES, 24 hour S&P futures is 5550, with the high ideally due Tuesday. That suggests that the downtrend will be broken today or tomorrow. The conventional measured move target of an hourly close above 5490 would be 5580. The ES would only need to end regular trading hours today above 5505 to be well on its way to both of those targets. Conversely, should the ES be below 5490 at the closing bell, then the bears would have a shot at seeing a test of the low by the end of this week. They'd need to be below 5468 to reinvigorate that downtrend for a couple of days more. Topping on the Cake For moron the markets, see: Topping on the CakeJuly 29, 2024 Gold Breakout Failure Signals Big Trouble July 25, 2024 End Stage Hysteria Breaks July 24, 2024 Swing Trade Screen Picks – Short-term Cancer Culture July 22, 2024 The Sky’s the Limit July 18, 2024 Picking Up Nickels in Front of a Steamroller July 9, 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.
specie Posted July 29 Report Posted July 29 Trump said he was gonna have a strategic bitcoin reserve? Huh?
potatohead Posted July 29 Report Posted July 29 QRA is out https://home.treasury.gov/news/press-releases/jy2506
DrStool Posted July 30 Author Report Posted July 30 21 hours ago, potatohead said: QRA is out https://home.treasury.gov/news/press-releases/jy2506 It's less than the May estimate. Meanwhile, what did I miss. Krakow is amazing, as always.
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