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Scary Bullish Pattern Today… If

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.

Here’s the 2 hour bar chart on the ES S&P futures. Looks real bottomy from here. If they get clear of 4397, look out above. Next stop 4420, and wait to see how the pattern around there shapes up. Consolidation, or top.

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Meanwhile, when we zoom into the 1 hour bars, you can clearly see the fartcals. It’s so clear, it’s almost as if someone could draw ovals around them.

tvc_82572ba984f006364a720e8d7ae00bc5.png

The 5 day cycle projection is currently 4410-15. The hourly oscillators are still bullish and have running room.

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

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