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Lovin’ Me Some 3900 As Gary US Bonds Hit the Sport 1/20/23

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.

It’s dreadful, but the hourly oscillators on the ES 24 hour S&P futures got buried at the same levels where the market has subsequently made short term lows within 2-4 days, not too much lower than the first low.

Take that for what it’s worth, day traders! If we pull back to test the low or make a lower low with positive divergences in the hourly oscillators, I will be accumulating from my swing trade buy lists for a trade. Then the market can crash.

-2b3i

Meanwhile, the 10 year Treasury yield has fallen to a trend sport line, derived from a resistance parallel. Also the 200 day MA. It may be a bottom. Or it may not. How’s that for cutting edge analacyst?

But breakage seems more than likely given the Treasury coupon $10 billion paydown at the end of the month, and restricted issuance ahead thanks to hitting the debt limit. So if they break sport, the next target would be 3.15.

You know what Polonius said.

Neither long nor short be until the market telleth thee.

-2bis

For moron the markets, see:

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