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Downside Done 10/11/21

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.

Ok. I’m sticking my neck out. But the 5 day cycle projection has been hit on the S&P futures in overnight trading in Aids Ya and Your Rope. And there’s a wee bit of a possible bottom pattern in the price graph and hourly oscillators.

Yes, this could fall apart. The levels to watch on the ES are 4370 and 4360. If they give way, bears should have the ball until  4335 or so.

Conversely, if it clears 4395, it would be set up to go significantly higher.

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This is just the intraday look. For more: Head and Shoulders Above

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This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.comView original post.

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