ES....Inverse Head & Shoulder Pattern

Are you saying this is the top?

 

no only that all patterns are to be seen with context

 

I bet we see 6000 by the election. Inflation is still very high. The government tweeks it to make the CPI seem as though its not rising. Comparisons will become easier. The FOMC will declare victory.

 

265 points in 6 weeks?

FALSE!

If it does, I will eat your hat.

 

5% higher seems unlikely especially since October is the worst month of performance in an election cycle historically.

September -2.95%
October -3.6%

This September has already beat the historical average (+1.4% vs. -3%) so I guess its possible. The September overperformance is currently 4.4% but it would have to overperform by almost 9% which seems unlikely.

 

Just 90 more points to go. So easy making free money. Go long and do nothing, kick back and count your free money....$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

So sad that everyone said no way, Almost there.

 

hmmm