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Stampede! 8/2/21

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.

Yep, the bulls are running again. As of 5:30 AM ET, they’re near another breakout. The 5 day cycle projection says its coming. The projection is 4448-50. Trend resistance projects a couple points lower than that, but they usually punch through a little before pulling back.

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Meanwhile, here’s the big picture technical outlook.

Closer Every Day

 

And a QE update.

Here’s How Fed and Treasury Colluded to Delay Armageddon Due Date

Here’s a freebie on my reaction to what the Fed did last week.

Fed Finally Starts the Standing Rippo Farcility

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