ES Morning Update December 12th 2022
Well, the market did not rally up on Friday so it could pullback today. Instead it pulled back and closed just under the falling orange/yellow trendline, which was still higher then the prior low a of 3914 on 12/7 and 3912.50 on 11/17.
I don’t know if those lows will hold or not but if they don’t we should go to the 38.2% level at 3877.74 or 50% at 3806… and possibly 3734.26 where the 61.8% level is at. That would make a nice C wave down for a perfect ABC from the 4110 high, but that seems so predictable that I’d be shocked if it plays out that easily.
It would also kill the bull flag the market has been making for the last 2 weeks and there’s too many reasons here to be bullish and not bearish. So terminating that pattern would just not make sense to me. Now, could we have a quick “stop run” that reverses back up within an hour or two that drops to below 3900… yes. It would be from the CPI numbers on Tuesday morning or something from the Fed on Wednesday after the FOMC meeting.
An “event move” basically, but not a real trend. It doesn’t have to do that of course but it could and I’d still remain bullish for the bigger picture. Everything tells me this past two weeks is just a wave 2 pullback and that a wave 3 up is coming next. This week is full of catalysts that could cause such a move, and we will be starting the most bullish period of the month, the ol’ Christmas Rally.
There’s not much to add today from a technical point of view as the market is still chopping around in this bull flag zone from about 3900 to 4100 roughly. It won’t last forever as at some point a breakout or breakdown is coming. Until it happens there’s not much to do but wait. Get your popcorn, hot dogs, beer and seats as the battle between the bulls and bears is going to show a leader soon. Have a blessed day.
Source: https://reddragonleo.com/2022/12/12/es-morning-update-december-12th-2022/
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.
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.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,657,976,838 |
| Stories: | 8,300,892 |
Whistler Blowers, Insiders
