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Another Bullish Pattern 10/7/21

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.

There it is. Bullish.

No… wait.

Maybe bearish?

We’ll know today.  For starters the 2-3 day cycle projection points to 4420-4445. The 5 day cycle projection also points to 4445. So the projections say, breakout ahead.

The key resistance level is 4397. If they clear it, it should be up, up and away from there.

If they roll over here, bears have a shot, but only a short one. The main sport levels to watch in the event of a pullback would be 4467 and 4450. As long as those remain unbroken, the day to day trend would still be up.

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This is just the intraday look. Get the big picture in your inbox every weekend.

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