Remember this oldy but goody? 4220 or Bust 4/27/21
The new 2-3 day cycle projection is 4210. Can’t make a precise 5 day cycle projection, but if the market doesn’t pull back much before NY opens, we’d be looking at around 4225-30.
The codpiece pattern breakout measures to around 4250.
Trend resistance is around 4203 in the 5-6 AM hour in New Yak. That would of course become sport if they clear it. The next sport lines below that would be around 4198 and 4193. The next resistance would be around 4210.
Hourly indicators remain on the buy side. They’re a few ticks below where they usually peak in this market. I would guess that we’d need a little negative divergence before the next intraday cycle rollover.
Markets Awash in Cash – Where, How, and How Long, Revealed
LEE ADLERStock Market Gets Knocked Down But Still Packs Punch
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.
If you are a new visitor here, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
