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And so are my charts. Investing.com is offline in a web browser, although I can still get it on my phone. So I’ll grab a screenshot from that. From my eyeball, it looks like a 5 day cycle projection of 4400 has been hit.
As soon as the charts are back, I’ll get a closer look and post it.
OK. I’ve had an enlarged look as you see the chart below, and I’ll amend that 5 day cycle projection to 4380. Sorry about the snot drip.
What’s obvious is that we’ve had a head and shoulders breakdown over the past few days. It has a conventional measurement target of 4360. I don’t doubt that we could see that today. For the bigger picture see The Ugh Market.
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Meanwhile, for your longer term infotainment and edification:
Rangebound Noisy Signals from Swing Trade Screen
Liquidity Matters, The Fed’s BS Doesn’t
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