Jump to content

Down Again Up Again Finnegan - 6/18/21

Rate this topic


Recommended Posts

It never gets old, does it? 

Well yeah, actually it does. 

At 4:30 AM in NY, 4209 sets up as a critical trend spport junction. If they get below that, shorts may have something going. But if it holds, back up we go, probably to 4323-24 as a first stop. If they clear 4225 next stop would be around 4235. Then if that's cleared, target would be the top of one of those megaphones, around 4270-75, depending on how long it takes. 

If they head down, first checkpoint should be 4203-05.

tvc_78212184aef109b1c4018d8547c44b1b.png

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,

Bond Market Has Mitigated Some of the Risk, But Don’t Go To Sleep

Market Engine Whines Without A Rudder

When This Boring Market Finally Reaches the Center of the Earth

Have Primary Dealers Built a Muddle Through Scenario?

 

 

Link to comment
Share on other sites

  • Replies 13
  • Created
  • Last Reply

Top Posters In This Topic

Looking at my daily data, this setup is potentially very bullish, or very bearish. The market will either go up or down from here. 

That is all. Carry on. 

Link to comment
Share on other sites

I have installed a new theme on WSE because comments had stopped working on the 12 year old theme that had served its purpose. I go by the rule, if it ain't broke, don't fix it. If it ain't not broke, fix it.  

So the three comments I get every 3 months will now be visible. 

I've updated and streamlined a few other things.  

Welcome to the 2010s.  

Link to comment
Share on other sites

Still looking at a 2-3 day cycle projection of 4155. 

Oscillators look bottomy. Doesn't rule out a downdraft, but if we get it, that should be it. 

tvc_f70ce2f54a8c5880d4f2dafadd9f5577.png 

Link to comment
Share on other sites

A VERY APT POST

 

THE GREAT INFLATION TRADE

The Fed has to go full inflation to save the Financial Industrial Complex.

Otherwise its straight debt default.

And they wont allow that.

There is simply too much debt in the system to ever repay in real terms.

Real assets yes financial assets no will be the mantra from now on.

Very 1970's.

 

 

A Grey Rhino in plain sight if ever there was one.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    No registered users viewing this page.

  • ×
    • Create New...