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Overnight Bank Heist 5/11/21

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

  13 hours ago, Jimi said:

Lee, this remains the best damned site on the internet for people like us.

All 5 of us.

Baahhh dump dump.

Meanwhile the 5 day cycle projection on the S&P fucutures at 5:30 AM in NY was 4125-30.

Click here for commentary.

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Using the 4 hour bars, I can show you that as I write, they have bounced from trend support dating from March 4.

tvc_7842eb0583616cca58ed49ddb4f4679f.png

If this breaks, it would be significant for the longer cycles that I don’t cover here, but cover in Technical Trader. This may be one of the rare occasions where I may need to post a midweek bulletin. Click to get that service risk free for 90 days.

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I forgot to draw the current red channel. Here it is on the 30 minute bars. They’re testing the top. The 2-3 day cycle projection was 4160, overshot. Indicators suggest that the cycle has bottomed.

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7:52 AM ET:

Taking aim at the 5 day cycle projection now looking like 4132.

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This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.comView original post.

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.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, 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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