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Bears in the Woods 9/9/22

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.

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.

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This is just the very short term stuff. For the big picture check out the posts below.

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