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Bitcoin is Back Baby! Stocks to Test 11/23/22

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.

OK so it isn’t back. But it is up something like 850. On the chart, it’s barely a dead cat bounce. Will this apparent bottom stick. Show me. The first test will be to clear 17,000. Failing that, there’s still a short term cycle projection of 15,000, that hasn’t been hit yet, not to mention the 9 month cycle projection of 13,500 and the long term target of 5000 below zero.

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As for the ES, 24 hour S&P 500 fugutures, today looks like another dull day with an upward bias. The 5 day cycle projection has risen to 4035. That suggests a test of the high, but no, no, no-o-o-o-o-o breakout.

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I will be posting a precious metals update on Liquidity Trader in about an hour. That’s starting to look reeeeeeeel interesting. I will post the link here when that’s done.

Click the links below for moron the markets.

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