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From Boredom to Breakout 9/13/23

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.

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

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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

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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

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For moron the markets, see:

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