ES Morning Update May 14th 2024
A pause day yesterday as we wait on the CPI tomorrow before the open. We also have the PPI this morning and Powell speaking today as well. I don’t expect much from those events but the CPI should cause a move in the market.
I don’t know if it’s going to cause a run of the stops overhead or not, as it might run them… or just might not and instead start the correction I’m looking for. Many CPI days have some stop run happen and then a reversal but it’s not something that can be foreseen in advance. It’s truly a flip of a coin, a “roll the dice”, a guess basically. I’m looking for a short sooner, but I’m not sure if I’m going to wait until after the CPI number or before it.
I don’t expect any straight down move to happen, as even if it rolls over after the CPI and doesn’t run the stops there should still be some bounces to get short at. But since this should be a Large Wave C down those bounces might not be a strong as the early ones that followed the start of the Large A Wave down from the all time high.
And at this point most traders are only looking for a higher low, so we might not see a good bounce until we pullback to about the 50% level of the rally up… basically around the 5000-5050 zone. That’s all I have.
Have a blessed day.
Source: http://reddragonleo.com/2024/05/14/es-morning-update-may-14th-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.
Lion’s Mane Mushroom
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.