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Right Shoulder Higher Than Left Is Bullish 5/4/21

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They've been zigging and zagging, and shaking and shucking. The dealers are trying to shake the tree, I think, as the US Treasury continues to pour phenomenal amounts of money into the markets, on top of the Fed's QE. 

Meanwhile, they're trying to turn the 5 day cycle up here. If they clear 4180 in the 6-7 AM hour in New York, that would be a go. If they don't, I'd look for support around 4172 for starters. 

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I've been writing and missed the bottom dropping out. WTF. 5 day cycle projection 4153. 

 

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7 minutes ago, SiP said:

Its all priced in. Time to sell.

The concept of "pricing in" is Wall Street bullshit. Liquidity is what matters, and the TA should reflect it. 

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Charts are back, my templates aren't. I'm still blind on the overall mkt. 

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But it's ok. I can handle it. I stayed at a Holiday Inn Express last night. 

And all of my swing trade picks were shorts for this week. That helps. 😂

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