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Pullbacks Ain’t What They Used to Be- 11/16/21

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.

The ES S&P fugutures may have set a 5 day cycle low in the wee hours this morning. They look poised to move higher here again after making yet another higher low. Pullbacks just ain’t what they used to be. Right?

Bears would need to take out 4675 to have hope of a reprieve, but there are multiple sport lines down to 4666, bwahahahaha, that would also need to be taken out.

Fat chance.

Meanwhile, the challenge on the upside would be to break through 4702. Then we’d look for a retest of the highs.

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For more on the big picture and elsewhere:

Benefit of the Doubt to the Upside Until Proven Otherwise

The Fed Pulls The Plug, Macro Liquidity Cruiser Starts Its Turn

Buys and Sells in Balance in Swing Trade Screens

Gold Cycle Projections Hold Good News

Why Jerome Powell Had a Frog In His Throat

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