S+P 500 Futures, ESU23
which "lead" the SPX 500 Cash Index around every day
have recently driven to almost 4500.
However a closer look" inside"
the 30 Minute ES chart,
shows that the KST ( Know Sure Thing),
Martin Prings Momentum Indicator (Shown Here),
which "leads" price, has significantly rolled over.
I have drawn a trend line on the downward spiral.
S+P 500 Futures have also risen into "substantial chart resistance"
on the ES Continuous Weekly Chart near 4490.
Strong dominant downtrend line, cutting thru the chart from the all time high.
An almost perfect point, for this elongated rally be halted.
My Conclusion.
The US stock market will soon be hit with a "sharp unexpected" price combustion..
And this is not fire in the theatre. Fair warning.
ESU Last 4488.75
THE_UNWIND
WOODS OF CONNECTICUT
which "lead" the SPX 500 Cash Index around every day
have recently driven to almost 4500.
However a closer look" inside"
the 30 Minute ES chart,
shows that the KST ( Know Sure Thing),
Martin Prings Momentum Indicator (Shown Here),
which "leads" price, has significantly rolled over.
I have drawn a trend line on the downward spiral.
S+P 500 Futures have also risen into "substantial chart resistance"
on the ES Continuous Weekly Chart near 4490.
Strong dominant downtrend line, cutting thru the chart from the all time high.
An almost perfect point, for this elongated rally be halted.
My Conclusion.
The US stock market will soon be hit with a "sharp unexpected" price combustion..
And this is not fire in the theatre. Fair warning.
ESU Last 4488.75
THE_UNWIND
WOODS OF CONNECTICUT