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CONsolidation CONtinues 8/3/22

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Do I know which way this will break today?

Hell no.

Look at the trend of the past 3 days in the ES S&P 24 hour fugutures. Look at the hourly oscillators. All perfectly neutral. We’ll just have to wait and see if they break 4078 or 4144.

A rollover in the lower half of the range could give the bears the edge.

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Meanwhile, the 10 year yield the past two days has begun to expose the lies that the US economy is on the verge of recession, that inflation is at its peak, and that the Fed is near the end of its tightening.

Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022

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To understand and profit from the big picture check out the following.

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