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What You Must Know About the Strange Range 11/12/21

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.

That it’s 4648 to 4667. Those are the numbers to beat on the ES, S&P fugutures this morning. Anything within that box is meaningless. A breakout either way should be a signal for a bigger movement.

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Given that the 5 day cycle up phase is already almost 2 days along without making progress, this constipation could lead to an explosive movement to the downside.

Would I take an anticipatory position? Or might this be better called a suppository position? As in suppose it breaks down or suppose it doesn’t. Then you have multiple suppositories. Once you choose a suppository position, there’s no turning back.

For perspective, when we zoom out to the 4 hour bars, we see the infamous Galloping Giraffosaurus pattern. And we all know what that means. It’s not good news for bears.

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