So much for the 2858.75 print in the E-Mini S&Ps earlier this week that I’d said might mark an important top. Thursday’s muscular short squeeze impaled this ‘Hidden Pivot’ resistance, leaving the futures above it at the close. It also put in play an alternative scenario I’d mentioned — i.e., a move above 3,000. The chart shows a ‘secondary pivot’ at 3005.63 that can serve for now as a minimum upside objective. Just to be on record with the most-bullish-forecast-by-a-permabear, I’ll also mention the 3235.25 ‘D’ target of the pattern as a possibility. It would become an odds-on bet to be reached if the futures close for two consecutive weekly bars above 3005. These numbers are not as precise as I would prefer, since the chart is stitched together from many contract months. But the targets should be close enough for us to get a confident read on trend strength if and when they are hit.
A Hardcore Permabear Talks Sunshine and Lollipops
- March 22, 2019, 8:06 am
Turning points come in many ways, have a great weekend Rick.
03 22 2019
The Romans did not number days of a month from the first to the last day. Instead, they counted back from three fixed points of the month: the Nones (5th or 7th, depending on the length of the month), the Ides (13th or 15th), and the Kalends (1st of the following month). The Ides occurred near the midpoint, on the 13th for most months, but on the 15th for March, May, July, and October. The Ides were supposed to be determined by the full moon, reflecting the lunar origin of the Roman calendar. On the earliest calendar, the Ides of March would have been the first full moon of the New Year.[3]
March 22, 1980 Georgia Guidestones
“I Am Isis, goddess of love”.[