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5 Day Uptrend Busted in AM 1/13/23

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.

But why? Don’t know. Don’t care. The Wall Street Illuminati are blaming the TSLA price cuts.  We knew inflation was dead back in November. By the time the Fed wakes up to outright deflation it will be too late.

So today, if that’s the Raison du Jour, so be it.

We’ve had a hard break in the trend and the 5 day cycle oscillators, but there are sport lines at 3748 and 3741. Take those out and bears are in bidness. At least to 3919. 😉

-0akj

Meanwhile central bank balance sheets are crashing. Only a matter of time until the markets follow suit. I will update the liquidity outlook later today or if I don’t finish, then Saturday AM.   Don’t miss out! Subscribe here.

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