ES Morning Update January 2nd 2024
It’s a new year and my favorite year… “The Year of the Dragon” (Chinese zodiac), which I named this website for that and because I was born in the month of August, which is a Leo in the American Zodiac. This should be a great year for me and I hope it will be one for you too.
If all goes even half as I think it will then I’ll have a fantastic year. Besides being the year of the Dragon it’s going to be the year of the Bear for the stock market as I’m still expecting a 60% haircut this year, which should be into this summer. And it should start this week.
Nothing has changed since last Mondays post as short term we should be dropping to the 4250-4350 zone into next week. Then a bounce. How high I’m not sure but 4500-4600 would be normal. That could drag out into OPEX on the 19th, or top before there… hard too say right now. This is not an exact science, it’s fluid and I have to let the first move play out first and then figure out the second one.
Have a blessed day.
Source: https://reddragonleo.com/2024/01/02/es-morning-update-january-2nd-2024/
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