YAC!
Yet another consolidation on the way up. The 5 day cycle turned down, but the projection is only 4565, already done. I’m not hoping for much more on the downside here because the RULE of MTA (Modern Technical Analcystics) says: All patterns are bullish.
They’ve established new sport at 4565. Unless that’s broken, I have to assume that the next target is 4608.
This is just the intraday look. For more:
Stocks Look Ready for Another Liftoff
More Sells Than Buys in Screen, But I Added Two Buys This Week
Get the big picture in your inbox every weekend.
Get your regular updates on all things monetary, and what that means for stonks.
US Treasury Says, More Beans, Mr. Taggart!
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.