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The Hot Poker Market 11/15/21

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.

No, I’m not talking about the card game.

Friday I called attention to an obvious buy setup.

  On 11/12/2021 at 3:03 PM, DrStool said:

Sorry friends,  but this is now bullish.

tvc_e49677d6c9f2a2c471599a1769799cd0.png

Later, I likened that setup to a hot poker.

 

  On 11/14/2021 at 12:28 PM, DrStool said:

Sometimes this shit is so obvious. I mean, sometimes not, but sometimes, they might as well stick a hot poker up your ass.

Like this.

tvc_285e77e5afdb18102c50ddd1ad21c8db.png

Now, they’re turning the hot iron in the fire. The 5 day cycle projection is 4708. There’s also resistance there. So for now, that’s the target of this move. To negate that, they would need to break 4682. On the other hand, if 4708 is cleared, then we’re looking at 4720 as the next likely target.

tvc_ed9db5294787d7c44a94b37a6d24f3f5.png

 

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