This trend is your friend. This trend is my friend,
From Califonicate to the New Yawk Eye Land
Yeah!
It ain’t over till Roy Orbison sings.
But it looks interesting here. The conventional measured move objective of this little tiny top breakdown is 4975. 2-3 day cycle projection 4995. Blue plate special. 4 day cycle projection 4985. Lotta spport at 5000. If they break that, should generate a wave of selling. But I wouldn’t get too excited. Shorts are their own worst enema, and will start buying as soon as there’s a pause.
So a little selloff, then a rebound. The rebound will tell all. All Systems Green
Meanwhile, institutions find deep value in money laundering.
Probably not in bonds though, especially if the yield clears 4.20 on the 10 year Treasury. This Will Be the Week That Was
For moron the markets, see:
- All Systems Green February 12, 2024
- This Will Be the Week That Was February 11, 2024
- Swing Trade Screen Picks – Adding 3 Shorts for Each Long February 6, 2024
- Is This the End, or Only the Beginning February 5, 2024
- What’s Up with Down Withholding Tax Collections February 4, 2024
- In the Goldrums February 2, 2024
- Primary Dealers Are Maxed Out Again January 24, 2024
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