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It’s an Ed Sullivan moment. A really big shoe.
Meanwhile, we’re home on the range again. The hourly cycle oscillators on the ES, 24 hour S&P futures say it’s a 5 day cycle low, 4 day variant edition. But the ES needs to clear 4000 to actualize that.
Otherwise, no dice. And if they take out the bottom of the range at about 3985, we could be in Crash City. The next stop would be down at 3920. Mixed Bag of Signals Screaming, “Walk This Way” March 5, 2023
Meanwhile, the 10 year yield is headed down again. That’s because some money managers are using that $50 billion T-bill paydown that will hit their accounts tomorrow to extend maturities. The big test will again be around 3.90, as you can see on the hourly chart. February Withholding Taxes Say – Fade the Jobs Report! March 2, 2023
The hourly gold chart is horrific. Does it need to hold the low here. Why, yes. Yes it does.
Gold On Cusp of Brutal Outlook if This Happens March 8, 2023
For moron the markets, see:
- Gold On Cusp of Brutal Outlook if This Happens March 8, 2023
- Swing Trade Screen Picks – 3 Buys, No Shorts March 6, 2023
- Mixed Bag of Signals Screaming, “Walk This Way” March 5, 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
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