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Time for a Break on the Way to Da Moon 8/31/21

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.

The 5 day cycle projection has pulled back to 4548. The ES S&P futures hit 4546 this morning. Close enough for government work. Time for a breather.

The pullback has already come down to one support area around 3528. The big mahoff is at 4520. That’s the top of the magaphobe pattern that it just broke out of yesterday. If this pullback holds, the price objective would be da moon.

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

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