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The Market is Down 9/28/21

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.

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.

Screenshot_20210928-124819.png

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

The Ugh Market

Liquidity Matters, The Fed’s BS Doesn’t

Get Ready for the Coming Bond Market Bloodbath

When Hope Is Not a Good Thing

Useless Banking Indicators Except for One Giant Red Flag

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