DrStool Posted June 7, 2021 Report Share Posted June 7, 2021 The market is stumbling this morning after successfully breaching last week's high late on Friday. It has come back to trend support at of 6:40 AM in New York. This is where push comes to shove. Key support lines are at 4217, 4213, and 4209. If they don't break them, then nothing has happened, and the market would still be on its way to an upside breakout. 5 day cycle oscillators are on the sell side, but there's still an unmet 5 day cycle projection of 4236, just hanging out there waiting to get tagged. So watch what happens at these support lines for the key to whether they make a run at that projection. As I finish writing here, there's a little bounce starting off that first trend support area. If you are a new visitor, 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. Meanwhile, The Old Line Trading Firm of Dewey Cheatham Burnham and Howe LEE ADLER 2 - TECHNICAL TRADER JUNE 7, 2021 Churn And Burn Picks off Stops But Two New Picks Join the List LEE ADLER 2 - TECHNICAL TRADER JUNE 6, 2021 Real Time Tax Data Shows Nirvana for Stocks and Bonds, But It’s Temporary LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 5, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2021 Author Report Share Posted June 7, 2021 Pretty impressive megaphone, aka broadening pattern, has developed. Top is around 4245. Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2021 Author Report Share Posted June 7, 2021 Downtrending sport 4218. Uptrending sport 4215. Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2021 Author Report Share Posted June 7, 2021 The dreaded compound megaphone pattern. Megaphone within megaphone. Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 7, 2021 Report Share Posted June 7, 2021 33 minutes ago, DrStool said: The dreaded compound megaphone pattern. Megaphone within megaphone. Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2021 Author Report Share Posted June 7, 2021 12 minutes ago, MisFit Kid said: You're good. Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 7, 2021 Report Share Posted June 7, 2021 2 minutes ago, DrStool said: You're good. someone posted that video part last week......that movie is still funny. >: PullMyFinger gets credit Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 7, 2021 Report Share Posted June 7, 2021 4200 4220 It is 420 all the time Link to comment Share on other sites More sharing options...
Jimi Posted June 7, 2021 Report Share Posted June 7, 2021 1 hour ago, MisFit Kid said: 4200 4220 It is 420 all the time Uhh... that reminds me.... Link to comment Share on other sites More sharing options...
Mkucstars Posted June 7, 2021 Report Share Posted June 7, 2021 Um, 420 is a time, not a price... but it must be 4:20 somewhere... RSO cures cancer. I don't have cancer, but a gram of prevention is worth a kilo of cure! Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 7, 2021 Report Share Posted June 7, 2021 1 hour ago, Mkucstars said: Um, 420 is a time, not a price... but it must be 4:20 somewhere... RSO cures cancer. I don't have cancer, but a gram of prevention is worth a kilo of cure! Details, Details........😀 Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2021 Author Report Share Posted June 7, 2021 Thou shout obeyest thine trendline. Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2021 Author Report Share Posted June 7, 2021 It's 4:02 Good night, and good luck. Pffft. Link to comment Share on other sites More sharing options...
Mkucstars Posted June 7, 2021 Report Share Posted June 7, 2021 Rick Simpson oil in my afternoon coffee finishes the day with a happy mood. No need to smoke it, but I do occasionally for old times sake (And poker night with the guys). Link to comment Share on other sites More sharing options...
Mkucstars Posted June 7, 2021 Report Share Posted June 7, 2021 Strictly medicinal purposes of course... Pay enough taxes and the government will look the other way. Link to comment Share on other sites More sharing options...
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