ES Morning Update November 11th 2024
This week should be a choppy one as a small pullback is likely before we go up again even higher. I’m not expecting a lot, and while it’s possible that we pullback to the 583 FP on the SPY I also have to be open to the that being just a “late fill” and NOT a real fake print… meaning we won’t hit it.
If I just look at support areas and Fibonacci levels I see two targets that are quite a bit higher then the 583 SPY level (which is about 5870-80 ES). Those prices are 5965.87, which is the 23.6% level, and 5919.69, the 38.2% level. If we make it to 50% we’d be at 5882.37, and that’s roughly equal to the (possible) FP on the SPY of 583… which again, might just be a “late fill” and therefore not something I should NOT trust or expect to get hit.
My gut tells me that it’s not real and just a late fill. It makes me think we will only pullback to the 23.6% or 38.2% level, and then start back up again. Dip early in the week and back up late in the week seems the most likely path for the market in my opinion, but of course that’s just a guess.
The end of this month the volume will really dry up as we go into Thanksgiving, and there’s not any more “events” in the next couple of weeks to scare the market as the election is now passed by and the FOMC meeting too. We have the CPI number this coming Wednesday the 13th, which is about all I can see to move the market, but if we pullback in front it I’d say we’ll continue the rally up afterwards.
My point is that I don’t see anything to stop the bulls from continuing higher into the end of this month or early December. Once the pullback is over we’ll likely continue higher with even fewer pullbacks for long entrys.
We could see the FET at 6435 into early December, or maybe even right into the end of November? I don’t know the time it’s going to hit but everything I see does suggest there’s not going to be anything serious on the downside until this blow off top is hit.
Have a blessed day.
Source: http://reddragonleo.com/2024/11/11/es-morning-update-november-11th-2024/
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: | 1,652,920,766 |
| Stories: | 8,282,898 |
Whistler Blowers, Insiders
