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Hark! It Canst Downtrendeth! 6/10/21

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.

Well, if you can call 16 points a downtrend. And a 5 day cycle projection of 4215 was already hit overnight.

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In the 5-6AM hour in NY is trend sport. 4222 is trend resistance. I’m not hopeful for a big move if either is broken. There are more sport lines every few points down to 4205. They would need to break that to get anything going on the downside. Ditto on the upside. Any trading from 4215-4237 would be noise. Then you have the top of those two megaphones around 4240 and 4246.

I’m not getting my hopes up.

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

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