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.
Most of you have better things to do, I know, but for those who don’t, or just prefer watching market squiggles to shoveling snow, I’m opening this thread for the interanum week.
Depending on your perspective, this is either a top…
30 minute bars
Or a bottom:
Hourly bars
2-3 day cycle projection is 3905. If they get there, the big base breakout would imply much higher levels ahead, with a measured move target of 4000-4010.
And that’s the way it is, Tuesday, December 27, 2022.
In the aftermath of your Christmas and Boxing Day dinners, may the farts be with you.
For moron the markets, see:
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
- The Trend Was the Bears’ Friend December 19, 2022
- Swing Trade Screen Picks – Short Stops Killed but Many More Added December 19, 2022
- May Gold Be Merciful Unto Us, Amen December 19, 2022
- Fed Steadfast But Treasury Throws a Bullish Curve December 14, 2022
- Federal Tax Revenues Are Slowing December 6, 2022
- Fed Policy Will Stay Bearish Until It’s Too Late November 20, 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
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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