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What the Hell is Going On Here 1/13/22

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.

I’m talking about the EUR/USD.

Wow. Beautiful breakout. Not what your US earning, European living correspondent wants to see.

Hopefully, just a bear market rally return to the scene of the crime. A normal retracement to the breakdown area of 1.16. Hopefully. Because I ain’t hedged for much more than that.

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Now on to our usual day trading the S&P stuff.

The 5 day cycle is in a down phase but moving sideways, which is usually a bullish setup. It needs to break below 4716 and then 4710 for it to be a bendover pattern. AKA the Gym Jordan Sandusky pattern. Failing that, I remind you that the conventional measured move target of the breakout from the bottom pattern is 4830.

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And now, without further adoodoo, I bid you  a plus tard. I go to the French Embassy about a km from my apartment to pick up my long term stay visa for France. I’m leaving Warsaw at the end of the month to head for what I plan to be permanent residence in Nice, France! From there, warm weather travel only! 😊

Chowski!

No Mercy

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