Jump to content

They Keep Trying, But It's Still a Downtrend 9/14/21

Rate this topic

Recommended Posts

Here's the 2 hour bar look. 

Strange. We're not used to seeing persistent downtrends that last for 8 days. Must have something to do with Sell Rosh Hashanah, Buy Yom Kippur. 

And lest we forget, it's that time of the month. Fed MBS settlement week. The last 2 days has that reverse headandshouldery look. 


Here's the 1 hour bars. Shows we're in a 5 day cycle up phase. Weak for sure, but could strengthen. The test will be at 4480. Conversely, the sport test would be at 4463. 


I have a preliminary 5 day cycle projection of 4500 if they break the downtrend. That's also where the next resistance lines are. 

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.

Meanwhile, for your educational reading:

Nothing Has Happened Yet

Useless Banking Indicators Except for One Giant Red Flag

Gold’s Setup Has All Kinds of Potential

Take the Threat of this Triple Whammy Seriously Now

Link to comment
Share on other sites

  • Replies 10
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

sounds  like Riga, Lativa is beautiful and vibrant this time of year.....


Military exercises in the center of Riga, Latvia, no warning given.



Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Tell a friend

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

    No registered users viewing this page.

  • ×
    • Create New...