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

Lee Adler November 12, 2021 0 Comments

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.

When the Fed Balance Sheet Will Hit the Fan

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.

Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens

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.

For more on the big picture and elsewhere:

Gold Cycle Projections Hold Good News

Relentless Rally Reaches Likely Reaction Point

Swing Trade Screens Have Buy Side Surge

Why Jerome Powell Had a Frog In His Throat

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Here’s What to Key on With Gold on the Brink of Failure

Subscribers, click here to download the report. Last week was bad, no doubt about it. But it wasn’t a catastrophe yet. This report tells you…

Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens

This Friday’s screens had 26 buys and 136 sells. 9 of the buys were inverse ETFs, meaning that only 17 of the signals were bullish and 145 were bearish. This is a big number that indicates downside thrust, but it can also mean that it’s time for a minor bounce first.

When the Fed Balance Sheet Will Hit the Fan

This report examines and illustrates the most important line items on the Fed’s weekly balance sheet. It tells you what to look for to recognize when the markets will crash. Because that’s coming.

Market Variant Not As Bad As It Looks

Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.

Reason to Stay Optimistic on Gold

The 13 week cycle up phase aborted early and the pullback has negated the base breakout. When that happens there’s usually a recovery before a second high that confirms the top. I want to remain optimistic that this will only result in a mild correction/consolidation. As long as the 10-12 month cycle indicators continue to signal an up phase, that’s where I’ll give the benefit of the doubt.