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Dangerous Hurricane Lee 9/6/23

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.

Is now building off the coast of A Frick A.  The question is whether it will pose a threat to the US. Stay tooned for fudder developments.

Meanwhile, I will be moving around today and won’t see much of you here until late. But let us note several signs of a market top formation. The first is the hourly chart of the ES, 24 hour S&P futures. It has a measured move target of 4465, give or take. 5 day cycle projection is also around there.

The second is the fact that nobody was here yesterday. That’s a contrarian top signal.

The third is that I am heavily long in my trading account.

That’s the best contrarian top signal I can think of. Classic BTFD Setup Or Not

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And, My oh my! 10 Year Treasury Yield. Beware! Jobs Really Much Weaker Than They Say

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For moron the markets, see:

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