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Launchpad Dinosaur 3/22/22

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Ah, geeze. There he is again. You know what that means. Bears are in hot water. At least in terms of the ES, S&P 500 futures at 7 AM in New York. 

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If the bulls, and chicken (or prudent ūüėČ bears covering shorts, manage to push it through 4480, up we go. But I'm not sure it will be an easy go. There are multiple lines of resistance at 4495-98. But if they get past 4500, they'll have running room to 4513. So it looks like more of a slog than a launch.¬†

On the other hand, if sellers (or lack of buyers) manage to push it below 4460, that would break the uptrend, and it would come from a negative divergence in 5 day cycle oscillators. So something could happen on the downside.

For the big picture. 

 

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A NEW FINANCIAL RATIO

Bear market rally it looks to me.

Anyway here is a financial ratio I invented.

WTV/WCV

That's the Wealth Transfer Vehicle (SPACS....) divided by Wealth Creation Vehicle (Commodity...Energy co's....) Ratio.

In Bull markets it goes up.

In Bear markets is goes down.

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