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Your Labor Day weekend marks the official end of summer and Wall Street awaits.
The market is looking…
LEE ADLERThis report has the answer and an idea about how to play it.
The 10-12 month cycle may have bottomed in May, with a high due in xxxxxxxxx. I like to focus on the six month cycle, which should be turning up in the near term. That is not quite confirmed, but it’s xxxxx. Any xxxxxxx xxxxxx should xxxxx it. Non subscribers click here to access.
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With the 6-month cycle due to xxxx xxxxxxxxx soon, I’d place my bets on the xxxxxx here. It looks like a quintessential xxxxxxxxxxxx xxxxxxx. The 6-month cycle down phase was xxxxxx. That’s often a setup that leads to xxxxxxxxxxxxx xxxxxxxxxx in the up phase. Non subscribers click here to access.
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Meanwhile, the hourly chart of the ES has that familiar green hue, with a little bit of red which I don’t think will be around for too long. Clearing 4520 would be the first confirmation of that. Later there would be a challenge at 4528-30. Then off to the races.
But of course if 4520 holds, bears get a shot to run it down to 4495 or so.
Over in yield land, it looks as though the 10 year yield is taking dead aim on testing the high on its way to outer space and the edges of the frozen universe. Beware! Jobs Really Much Weaker Than They Say
For moron the markets, see:
- Classic BTFD Setup Or Not September 5, 2023
- Beware! Jobs Really Much Weaker Than They Say September 4, 2023
- Gold Makes Case for Synchronized Low September 2, 2023
- Last Week Was Solid, Adding Longs Now August 29, 2023
- Here’s Why This Is a No Clickbait Market for Primary Dealers August 24, 2023
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