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Almost an Uptrend 9/14/23

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.

That’s the way it looks on the hourly chart of the ES, 24 hour S&P futures, at 5:20 AM ET. The key number is 4483. If cleared by an hourly close, the downtrend would be broken. Yes, in an hour or two, it might not stay broken, especially given recent history. But you gotta start somewhar.

If such a breakout were to occur, the conventional measured move target would be around 4510. And that would be another base breakout with a target of 4565.

One step at a time. First they gotta break out.

11ds0x

If they don’t break out, but roll over instead, then there’s initial vulnerability to around 4465. A weak bounce could then lead to a breakdown. But until something happens, nothing has happened yet, and nothing will happen.

For this inside information, you pay the big bucks. 😂 Market Needs a Pop Now

Meanwhile, if they don’t get the 10 Year Treasury yield under 4.22, look for it to go much higher. Here’s Why This Stuck Market Is Not Surprising

11ds6x

For moron the markets, see:

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