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4417 is Bears’ Last Outpost

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.

So here we are. Another do or die moment for bears. If the ES, 24 hour S&P futures clear 4418, we can go back to hibernation. Bulls will stampede again. Of course, they would immediately face another challenge around 4430. That’s the biggie. On the other hand, if 4418 holds, bears have a shot.

If they don’t get that far, but roll over here instead, then 4400 is the level to watch. Take that out, and the shorts can party.

115b3m

Here’s the 5 hour bar perspective. Interesting.

115b55

Meanwhile, the threat of a bond market calamity may be on hold, but it seems inevitable. Liquidity Trader- Money Trends

115b6u

For moron the markets, see:

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