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Trouble Begets More Trouble, Today’s Market 1/19/23

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.

Which continues until there’s a trouble climax. Are we there yet? Not yesterday. Today, the 5 day cycle projection on the hourly ES S&P 500 fuguetures has dropped to 3885. There are a couple of sport levels in that vicinity also. That doesn’t seem like a trouble climax to me either. It may have bouncability, but 3870-72 looks more sportive. Today at least.

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There’s a small chance that the 5 day cycle projection is 3900. Round number syndrome at work. But we should know within the hour if it’s a go or not.

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