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Turning Point 8/29

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.

I just thought I’d say that. I don’t know if it is or not. But it could be.

Any moment could be.

But this one maybe moreso. Take a look what is potenially two downtrends coming together here on the hourly chart of the ES, 24 hour S&P fuguetures. What would confirm? First an hourly close before 4428, then another below 4420. It would give the bears a foothold. A Soft Round Bottom, or V for Violence

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On the other hand, a strong push through 4446 could prompt a runaway bull stampede. Not likely with all the head traders still at their Hamptons retreats.

Meanwhile the 10 year Treasury yield has broken its short term uptrend. Well.. sorta. If it hangs around 4.15 for a few days or weeks, bondholders are gonna be in a world of hurt sooner rather than later. Check it out! Here’s Why This Is a No Clickbait Market for Primary Dealers

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For moron the markets, see:

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