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Apparently, Failure Is an Option 10/18/21

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.

As we can see on the hourly chart, after the ES S&P futures hit trend resistance, and an ostensible 5 day cycle projection of 4478.

We also saw a classic negative divergence at on the hourly oscillators at the high.

As far as how far down on the first move, trend support is indicated around 4430

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This is just the intraday look. For more: Bullish Intermediate Term Omens

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