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Today 3205, Tomorrow the Moon and Beyond 7/13/20 UPDATED 2:15 PM NY Time

This is a syndicated repost courtesy of Stool Pigeons Wire at To view original, click here. Reposted with permission.

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The 5 day cycle projection at 1 AM in New York was 3205. 3185 is now support. If that breaks, then we can talk. Otherwise, bullish.

At 7:15 AM in New York, the 5 day cycle projection had risen to 3215. 5 day cycle hourly indicators had formed negative divergences, and highs are due in both the 3 and 5 day cycles today. So that gives the bears some hope for the day.

15,000 COVID cases were reported in Florida yesterday. On a Sunday! Holy cow. Scary.

I expect deaths nationally to begin to exceed 1,000 per day based on the recent trend. The weekly pattern is for the high to be reported on Tuesday, then less all week, particularly on the weekend.




Well, obviously, the July trading range was a consolidation.

The conventional measured move target is 3255, well above the June peak, which would imply even higher prices.  I’ve dealt with those issues here.


3 day cycle projection now 3235. The 5 day cycle projection has expanded to a range of 3235-3275.


Downticks from negative divergences on that break on the hourly chart should be sell signals. However there’s trend support at 3200 and 3195 that needs to be taken out to confirm a 5 day cycle top.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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