| From: humble1 | 5/6/2024 5:57:03 AM | | | | | | WTI Crude steady below $79 (down ~10% from the high earlier this year ), last week QT was reduced from $60 billion/mo to $25 billion/mo, and the 10 year UST drifting below 4.5% after a soft-landing inflation-friendly jobs report. Sentiment is still in Fear or just blah.
The RSI and the MACD are as ready as you will ever see them for a sustained rally and a blast above the 50 dma’s looks imminent.
Message 34252966
Sounds like a really bullish environment. Both t/a and fundamentals. |
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| From: humble1 | 5/7/2024 8:34:57 AM | | | | | | Oil and yields slightly lower this morning. I like the trend. Earnings good. Could be an another bullish day.
I have 9/2/24 on my watch list. We will see if a market pattern develops into this date. My hope is a tradable high. Would have to see a Price Confirmation. Say SPX 6200, more or less. |
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| From: humble1 | 5/7/2024 11:17:12 AM | | | | | | The Really Big Date on the H1Radar is 3/29/25 (+/-1), a calendar day hit as always. That would be the SPX 10,000 or higher idea. I have six BIG hits exactly then. It all depends if these cycles are confluencing or offsetting to some degree.
I’m getting LAZY in my old age so I just might let it ride until then. |
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