That, ladies and germs, is just the 5 day cycle projection. The measured move target of the base breakout is 4820. But I don’t expect that to happen today.
At least not in the first hour. Maybe the second.
Bwahaha.
Not funny.
Not funnier is that upon clearing 4720, the implied target would be 4950. Do, I hear 5000. Of course, why not.
More later! Meanwhile, the big picture.
What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens
Here’s Why Truncated 6 and 12 Month Cycles Are Scary
Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast
Here’s What to Key on With Gold on the Brink of Failure
Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens
When the Fed Balance Sheet Will Hit the Fan
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