Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Inverse Crash 1/21/20

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

4 AM ET The market kept accelerating out of trend channels yesterday. That’s crash behavior. In this case, a crash-up. By the end of the day, the ES hit a thrice revised upward 5 day cycle projection of 3850-55. Now we have a resting phase. Not clear how it will play out.

Trend support clusters around 3845-40. If it holds, then higher and higher later today. If it breaks, we’ll get a little correction. Targets would be either 3830-35, and if that doesn’t hold, 3820-25.

tvc_92352a6864a1a1cae46a9dab1a02d6e2.png

Intraday updates here. Join the fun!. 

The big picture:

The Composite Liquidity Indicator (CLI) Says Honor Thy Father and Thy Mother

Yeah, this worked out. Lots of Signals, Mostly Sells, Means Good Shorts Ahead

 

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.