Jump to content

Here's How Much Higher US Stocks Will Go Today 7/23/21

Recommended Posts

The 5 day cycle seems to be in trending mode with a now dated projection of around 4410. The latest 2-3 day cycle projection points to 4400.  

Resistance, in the form of the July 14 intraday high on the ES fucutures is indicated at 4384. They're readying an attack on that now. If cleared, 4400 should be done with ease, although there may be resistance around 4386-88. Once they clear that, this pig could really blast off. 

In the unlikely event of a pullback, har-de-har-har, multiple trendlines suggest spport around 4368-70. If that were tested and held, it too would probably be a base for a launch into space where no man has tread before. 

Note especially, the formation of a massive reverse head and shoulders pattern with a neckline at 4388. A breakout would have a conventional measured move target of around 4550. I'll grant that we probably would not get there today. But I wouldn't rule out Saturday. 


Meanwhile, as for the longer term stock market technical outlook - Here’s What Friday’s Selloff Means for Our Future 

I'll post the weekly update this weekend for Liquidity Trader subscribers. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days!  

If you missed my interview with Lindsay Williams yesterday, about why bond yields are falling while inflation is rising, here it is again.


Also Here’s What the Treasury Buying Stampede Really Means

And something for doleful goldbugs

If you are a new visitor to the Stool, 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.  

If you're interested in following the photo journal of my European wanderings, including latest shots from Warsaw, a dynamic, un-Europe-like city, check out my Instagram page

Link to comment
Share on other sites

  • DrStool changed the title to Here's How Much Higher US Stocks Will Go Today 7/23/21
  • Replies 12
  • Created
  • Last Reply

May I have your attention, please. 

May I have your attention, please. 

We are now breaking out of an uptrend channel. 


We are now breaking out of an uptrend channel. 

To the upside. 

That is all. 


Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...