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What Is a Pullback for 5800 Alex? 10/21/24

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.

We’ve had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial 5 day cycle projection also points to that zone. For More Upside

In the event of a rebound, 5865 looks like resistance today.

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Over in the bond market, we have another breakout in the 10 year yield. Liquidity Says, The End Is Nigh, Almost

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And gold is going parabolic as it heads for 2800 and points beyond. Gold a la Mode

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The EUR/USD is testing support. As Treasury yields rise, that could encourage more doolah buying and your Oh, selling.

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Bitcoin Bros have met the resistance. If they break through, the measured move target would be around 75k.

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For moron the markets see:

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