Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Red Dragon leo (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

ES Morning Update April 5th 2021

% of readers think this story is Fact. Add your two cents.


The markets continue to grind higher this morning, which is great for the bearish setup I’m hoping will form in the next couple of days. And, if this rate of rise continues we might even reach the bottom level of Peter Eliades highest offset projections… who knows for sure?

That zone is on the SPX is 4103.94-4314.64 from the 3/7/21 video he did. It doesn’t have to reach it as far as I’m concerned but we do need to continue this grind up and not produce any big drop tomorrow, and we need to make a new all time high as well on at least the DOW and SPX. Give me all that and up near 4100 by say this Wednesday and I’m a big bear.

This market is on borrowed time now and thin ice. There’s major resistance here from a trendline that starts at the top of the market in 1880 and connects to the top in 1929, which extended out to the current time puts the line at 3980 on the SPX in the month of March.

That is from Charles Nenner, so even if that line has risen some since the time he talked about it, the market is certain into today. So there are many reasons to expect a top here soon and at least a 10%+ correction, if not the 50-60% crash I’m expecting at some point this year. If it’s only a correction then we should top out in late May or June, but if it’s the crash we could bottom there instead. First let’s top out this week and see how fast and far we drop on the first move down. Then I can get a better estimate on what is likely in play.

For today I’m doing nothing. I waiting until Wednesday to see if we get up into that 4100+ zone and if we make a new high on the DOW and SPX. I’d love to see the DOW up in the 33,700-800 area then too. That’s when I’ll start looking for a short. Have a blessed day.



Source: http://reddragonleo.com/2021/04/05/es-morning-update-april-5th-2021/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.