US30 For the retrace on the Hourly, we may see a Three Bar Reversal pattern forming. For a conservative take profit, it's to the midline of the previous GIANT bullish candle at 41,980. If the bears drop even further, then good on you!
US30 On the Hourly, if the tall bullish candle closes at the Swing High of 42,061 by the end of the hour, it will flip the market bias from Bearish to Bullish Market Bias and more moves to the upside.
If that doesn't happen, back down again for a retrace.
METAAAPLSPXDJINDQ Lets be honest, Fed policy will allow every CEO to issue huge buybacks on the back drop of reduced funding cost, and this will result in increased multiples and PE. This is far easier then increasing prices, if you are not invested, then what are you waiting for? The markets will soon be at a 6xxx handle, and not look back! The fed has over 200 bps cuts within the next 12 months, plus balance sheet expansion...7xxx handle on SPX by late 2025
US30 The Hourly is in a pause. That usually means that ranging is within a tall Inside Day pattern (of 145 tics).
Breakout will either be at the pattern's high at 41,971 or low of 41,825. Scalp this or just observe to preserve your capital until a breakout happens. Hey, that rhymes.