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End of the Line for Bears – 1/9/23

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.

Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead. Dead I say. If they are above that, then the next couple of days will see the market race to the top of this chart.

The 5 day cycle projection is now 3915, all but done.

Doesn’t guarantee anything.

Cycle oscillators are very extended and look toppy.

Doesn’t guarantee anything.

I’m out for the rest of the morning. Have fun.

Blecch.

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