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The Market is Down 9/28/21

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And so are my charts. Investing.com is offline in a web browser, although I can still get it on my phone. So I'll grab a screenshot from that. From my eyeball, it looks like a 5 day cycle projection of 4400 has been hit. 

As soon as the charts are back, I'll get a closer look and post it. 

OK. I've had an enlarged look as you see the chart below, and I'll amend that 5 day cycle projection to 4380. 


What's obvious is that we've had a head and shoulders breakdown over the past few days. It has a conventional measurement target of 4360. I don't doubt that we could see that today. For the bigger picture see The Ugh Market.

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Meanwhile, for your longer term infotainment and edification:

Rangebound Noisy Signals from Swing Trade Screen

The Ugh Market

Liquidity Matters, The Fed’s BS Doesn’t

Get Ready for the Coming Bond Market Bloodbath

When Hope Is Not a Good Thing

Useless Banking Indicators Except for One Giant Red Flag

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Could have sworn I kept hearing the word "transitory". New word salad prevarication coming our way. It's almost as if these folks have only a casual relationship with the truth. Go figure. 

Fed Chair Powell to warn Congress that inflation pressures could last longer than expected


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