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Bleeding the Bulls Slowly 3/2/23

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.

This is water torture. Slowly eating away at the market, and our brains. Lulling the bulls to sleep with false hopes as they slowly bleed the pour animals.

But alas, it looks like it’s time for another hopeful 3 or 4 or 5 day cycle rally as the hourly oscillators turn up yet again on the ES, 24 hour S&P futures after they descended to a slightly declining trend sport line overnight. To show that this is anything more meaningful than the last couple of dead cat bounces they would first need to clear 3950, and then a little later, 3967. Otherwise, nothing doing, and more downside ahead in a day or three.

-fixq

Warning! Top Formation In Progress February 27, 2023

Meanwhile, the 10 year yield has cleared 4%. And inevitably, it is going higher. Probably much higher.

This is the hourly chart. It’s pulling back to test the breakout. It should hold and then turn higher again.

-fiyt

Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023

Finally, last but not least, the yellow shit is building an incipient base on the hourly chart.

-fi-c

No surprise there. Gold’s Rebound Is Coming! February 28, 2023

For moron the markets, see:

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