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.
Now the question is whether bears will finally tie the stock market game.
The ES S&P futures broke a few sport levels overnight and have set up a clear downtrend channel. It needs to clear 4509 to break it this morning.
The latest 5 day cycle projection of 4490 was hit. So there’s a chance, but the proof will be in breaking this little downtrend channel.
And for your longer term listening and dining pleasure:
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View 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.