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.
Stock Market Is Grinding Through Resistance –
The question is whether resistance or upside momentum will win. The answer will come this week. Here are the directional signals.
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Disucss below.
Meanwhile, here at our short attention span dissucs forum, we forcus on the hourly chart of the ES, 24 hour S&P fugutures. We axe, To downtrend, or not to downtrend, that is the querstion.
The answer is abundantly clear. It is…
Drumroll please…
…
…
…
…
Neither.
Let us take note of the fact, however, that the 4 day downtrend is intact, and will remain so unless the boyz take it above 3967 to close any hour today. We should Oslo make a mental note of the fact that there’s a turkey in the oven during Tanks giving week. Nobody eats beef, therefore cows get to avoid the slaughterhouse this week.
Meanwhile, the crypto crappocollapse continues to target much lower levels.
Short term target 13,500
Longer term target, still 5000 below zero.
Click the links below for moron the markets.
- Swing Trade Screen Picks – Cautiously Bearish November 21, 2022
- Stock Market Is Grinding Through Resistance November 21, 2022
- Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022
- Golden Surprise November 15, 2022
- The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022
- Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022
- Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022
- Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022
- Bear Market Isn’t the Mirror of a Bull October 31, 2022
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