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Do bears doodoo in the woods? Because this is a big setup for it. The current measured move target of the most recent base breakout is 4140. First there’s resistance at 4045 as of 7 AM in NY. The next R level is 4070. If they hang around 4045-4070, and then break through that, the next measured move target would be 4250. Then if they got through that, the next target would be… and so on.
The current 5 day cycle projection is 4085.
To break the uptrend they would need to drop below 4011. Good luck with that.
This is just the very short term stuff. For the big picture check out the posts below.
- Special Bulletin – T-Bill Paydown September 8, 2022
- Gold Won’t Hold September 7, 2022
- Swing Trade Screens – 13 Picks, All Shorts, All Winners September 5, 2022
- Technical Analysis Confirms the Brutality of Liquidity September 4, 2022
- Withholding Tax Collections Collapsed in August But BLS Data Won’t Show It September 2, 2022
- Warnings of August Liquidity Crash Come to Fruition – Here’s What to Do August 28, 2022
- Gold Miners Swing Picks August 26, 2022
- Has Rule Number One Been Repealed? August 18, 2022
- “As Good as It Gets” Was Good While It Lasted August 6, 2022
- Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022
- Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022
- The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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