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Oop, there it is.
This uptrend is now extremely well established as it enters its 11th day from the low. The higher highs and higher lows have been persistent. The base breakout was tested and held. Its conventional measured move target is 4035. It already hit that on the post FOMC spike. If they get back clear of that, then the implied target would be 4195.
That’s right, shoppers! You’ll be able to get your fill of the ES, S&P 500 fuguetures for just 4195 on its way to 10k.. And you only need to put up half. Your broker will lend you the rest.
And the hourly chart of the ES says that you don’t even have to worry about any downside risk unless the ES drops below 3967!
What a bargain. Buy your ES today, while it’s on sale! I’ll be posting a new Technical Trader report for moron the longer term view in just a little while.
And of course, if ES isn’t to your taste, you can always buy bonds. That’s right. Whether it’s James, or Gary US, your bonds are available now at the high yield of an amazing 3.45%. And if you buy today, you’ll be able to sell your bonds at a profit in just a few weeks! The 1 year cycle projection of 2.75 is waiting for you now! I’ll have a new Liquidity Trader report for you later today esplaining how you too can own bonds, just like the rich people do. Bank accounts are for schleppers! Buy bonds now, on sale at your local K-Mart, Woolworth, or PharMor!
And don’t worry about your dealer. The money they lose by shorting the bonds to you they’ll make up in volume. Of course, if the 10 year yield doesn’t drop below 3.30, your bonds will be worth less for a while, but don’t worry! You can hold till maturity and get back the full par value! What snot to like!
Or you could buy gold. If you don’t want to bury it around your backyard like Jimi, I got a guy that’ll hold it for you! He runs the Idaho outfit. I’ll update this Tamara. Bullish, very bullish. Bank runs and all that.
They’re selling it today. Get the Idaho guy. He’s gonna make you an offer you can’t refuse.
Of course some people like SafetyCoin. Not to my taste, but the charts have a conventional measured move target of 34,000. I just report. There’s a 9 month cycle projection of 32-33k backing that up. Meh. If it breaks 26.6 k, you’ll be able to get it on sale. If it breaks 28.8, you’ll probably have to chase.
For moron the markets, see:
- Watch Out For This If the Market Comes Unstuck March 27, 2023
- Gold Set For High Base Breakout March 22, 2023
- Swing Trade Screen Picks – Show Me the Money, Jerry! March 21, 2023
- Massive Fed Monetary Injection Changed the Technical Picture March 20, 2023
- How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023
- Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023
- February Withholding Taxes Say – Fade the Jobs Report! March 2, 2023
- Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023
- You Can Now Follow the Diabolical Usual Suspects February 16, 2023
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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