Menu Close

The Tape Is a Mess But Downtrend In Force For Now

This is a syndicated repost published with the permission of Stool Pigeons Wire at 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.

At 6:50 AM in New York, 5 day cycle projection on ES, S&P fugutures 4655-60. But what a mess. If they clear 4685, could be off to the races on the upside again. Otherwise we got ourselves a steep downtrend working.


Update 9:40 AM

The red channel is intact and the 5 day cycle projection is 4648.


Instantly followed by your daily WTF moment.

Reason to Stay Optimistic on Gold

An Explosion of Sell Signals in Swing Trade Screens

Underweighting the Negative Signs

Beware- Debt Ceiling Uncertainty Darkens the Outlook

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email