Menu Close

Knock Knock Knockin on… 8/30/21

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.

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.

tvc_78d05c2b28a6c3daa4132de92f7c780b.png

 

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.comView original post.

If you are a new visitor to the Stool, 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.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share