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Posted in Lee's Free Thinking

4305 or Dive 6/23/21

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

Yep, that was the 5 day cycle projection as of 1 AM in New York. It implied that resistance at 4242, 4248, and 4248, would be non factors, or at least not much. An old megaphone line now at 4274, and another one at 4284 could be.

But then the fucutures pulled back just a little between 2 AM and 5 AM. That broke the 2 day uptrend channel and put 5 day cycle oscillators on sell signals. If this pullback doesn’t stop at somewhere around 4230, it could mean pahtay ovah.  Below 4225, and bears could drive. Below 4205 would open the trap door for a crash.

So which will it be? Let’s key on the 4225-4230 area for a signal.

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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.

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