Could we get an early 5 day cycle low here on the ES, 24 hour S&P futures. A merged 3 day and 5 day cycle expressed as a 4 day period is neither rare, nor unusual. This could be it, here at 5:30 AM ET. Or maybe not. The key would be an hourly close above 4465. That could trigger more buying and the onset of a 5 day cycle up phase.
On the other hand a drop below 4450 could open the flood gates. All the way down to 4440, or even 4438, god for bid. Market Needs a Pop Now
Meanwhile, over in the land of Bond, the 10 year yield looks ready to blow the roof off. Here’s Why This Stuck Market Is Not Surprising
You want to talk boring. Gold. They keep boring for it, and coming up empty. Is this a key juncture. Or what. Gold Teeters Toward Disaster
For moron the markets, see:
- Gold Teeters Toward Disaster September 13, 2023
- Here’s Why This Stuck Market Is Not Surprising September 13, 2023
- Reset Week Leaves List Uncomfortable September 11, 2023
- Market Needs a Pop Now September 11, 2023
- Beware! Jobs Really Much Weaker Than They Say September 4, 2023
- Here’s Why This Is a No Clickbait Market for Primary Dealers August 24, 2023
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