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Hold That Line 10/27/21

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YAC!

Yet another consolidation on the way up. The 5 day cycle turned down, but the projection is only 4565, already done. I'm not hoping for much more on the downside here because the RULE of MTA (Modern Technical Analcystics) says: All patterns are bullish. 

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They've established new sport at 4565. Unless that's broken, I have to assume that the next target is 4608.  

This is just the intraday look. For more: 

Stocks Look Ready for Another Liftoff

More Sells Than Buys in Screen, But I Added Two Buys This Week

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US Treasury Says, More Beans, Mr. Taggart! 

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The risk lies in fighting the Fed. So now the Fed is about to taper into a very hostile environment. The math is self explanatory. 

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