ES Morning Update April 9th 2025
We hit the falling trendline of resistance again yesterday and pulled back. It still looks like the market is going to continue these up’s and down’s until next week, which the 18th is Good Friday, so the market will be closed. Therefore I’d look for the high on Thursday, and we’ll probably calm down on the wild swings going into that period to put the bears to sleep and get the bulls excited looking for a big breakout with the lows being in. But that 3 day weekend is where I expect something negative to come out and cause another drop the following week.
I seen today talks about something “Big” that was found from the DOGE team, but they haven’t released it yet. I think they will do it Easter Weekend, and I get the feeling it’s going to cause a major shake up in politics and in the market. How low will it go? I have no idea, but “time” is more important then price, so the 23rd will be important and so will around May 2nd. I’m still open to see another lower low on the 23rd (to make a “Head”) and then a higher low (a “Right Shoulder”) around May 2nd. From there we should finish the bearish period and start the big rally up into summer for a massive blow off top rally.
Have a blessed day.
Source: http://reddragonleo.com/2025/04/09/es-morning-update-april-9th-2025/
