Quiet is as quiet does. I know there are lots of people heading out for their summer vacations, and they don't want to be disturbed while they are laying around in their hammock sipping their favorite libation. So, I'll be quiet too and just present the daily ES chart in the requested format.
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| ES Futures - Daily - Back to 18-day SMA |
Price is starting to stretch its legs to the downside. The approximate confluence of wave iv and the lower daily Bollinger Band is interesting. From yesterday's comments, we could count five-down on the SPY using The Eight-Fold-Path-Method (appearing in the featured post in the upper right of the main blog page.)
Have a great start to the evening.
TraderJoe
Won't it be just like Mr. Market to do the dirty while everyone is swinging in their hammocks!
ReplyDeleteSPY 5-min: As far as I can tell, we've had an Ⓐ-Ⓑ-Ⓒ down, followed by a diagonal which appears to be leading.
ReplyDeletehttps://www.tradingview.com/x/ngPZ1bzh/
If a tree falls in the forest ...
TJ
Sad to say, here's the first private equity fund manager to jump to his death. And the S&P is not even down 200 pts yet.
ReplyDeletehttps://www.cnn.com/2024/07/18/business/fandango-founder-death/index.html
TJ
Wow, 6 children, prayers for the family. RIP
DeleteA new post is started for the next day.
ReplyDeleteTJ