Jump to content

Big Giant Head Pattern Grows a Tumor- 2/15/22


Recommended Posts

The Big Giant Head Pattern which we have noted for the past several days, has grown a tumor from the left ear. This invalidates the bearish implications of the pattern. Here's the 2 hour bars view. 

Goodbye Gritty!

tvc_3e6a4e66b6a62932482c1fdf45afd849.png

 

The hourly bars show a bullish configuration on the hourly oscillators, and a new uptrend channel. That channel is aimed at 4495 today. The 2-3 day cycle projection is 4490, currently.

First the ES futures must clear resistance at 4465-70. Then there's even bigger resistance starting at 4495. If it gets through that, it would take aim on 4600. 

tvc_154c7fb049a3afe430587ade179e20a1.png

For the longer term outlook- Beware! The Market Has Followed My Script

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. 

Link to comment
Share on other sites

  • Replies 6
  • Created
  • Last Reply

Archived

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...