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If JP Morgan Was Alive Today, He Would Have Said 4/14/21

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

“The market won’t fluctuate.”

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Thanks to the lack of fuctuation, the full and half span moving averages for the 5 day cycle are running on top of one another, so there’s no 5 day cycle projection. Drilling down to 30 minute bars, I can sort of make out a 2-3 day cycle projection of 4160. The top of the wide uptrend channel will be at 4153 as New York opens, rising to 4156 at the close. That seems a likely target. I don’t think the old trendline at 4140 as of 10 AM here in Europe, or 4 AM in New York, will be an issue.

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