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The Hot Poker Market 11/15/21

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No, I'm not talking about the card game.

Friday I called attention to an obvious buy setup. 

On 11/12/2021 at 3:03 PM, DrStool said:

Sorry friends,  but this is now bullish. 

tvc_e49677d6c9f2a2c471599a1769799cd0.png

Later, I likened that setup to a hot poker. 

  

On 11/14/2021 at 12:28 PM, DrStool said:

Sometimes this shit is so obvious. I mean, sometimes not, but sometimes, they might as well stick a hot poker up your ass. 

Like this. 

tvc_285e77e5afdb18102c50ddd1ad21c8db.png

Now, they're turning the hot iron in the fire. The 5 day cycle projection is 4708. There's also resistance there. So for now, that's the target of this move. To negate that, they would need to break 4682. On the other hand, if 4708 is cleared, then we're looking at 4720 as the next likely target. 

tvc_ed9db5294787d7c44a94b37a6d24f3f5.png

 

For more on the big picture and elsewhere: 

Benefit of the Doubt to the Upside Until Proven Otherwise

The Fed Pulls The Plug, Macro Liquidity Cruiser Starts Its Turn

Buys and Sells in Balance in Swing Trade Screens

Gold Cycle Projections Hold Good News

Why Jerome Powell Had a Frog In His Throat

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The proof of whether this turns into anything or not will be whether they now break 4691 and later 4682. Failing that, bulls stay in charge. 

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