4:00 AM ET – 5 day cycle indicators have gone to the sell side here in the wee hours in New Yak, but the 5 day cycle projection still points to 4195. That’s a little lower than yesterday’s late projection, but still well above the highs of this rebound. I wouldn’t rule out a move toward it later today.
To do it, they first need to hold above rising trend sport now at 4145, heading for 4160 at the NY open. They also would need to clear resistance at 4169. If they break that uptrend, bears’ ball.
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.If you are a new visitor, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
Meanwhile,
