First, I’ll zoom out a little more than usual to show you what the target of this move would be in the short run, if it clears the top of the megaphone pattern it is now glued to. The resistance line is at approximately 4515. The target would be 4550-60.
However, on the hourly chart, the 5 day cycle projection is only 4525. That’s also where a shorter channel line would be around the time NY opens.
And for your longer term listening and dining pleasure:
Here are the Keys to More Upside as Cycles Get Back In Sync
QE Still = 100% of Treasury Issuance, But Coming Change = Crash
This Could Be the Start of Something Big for Gold
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.
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