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End of the Line for Bears - 1/9/23


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Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead. Dead I say. If they are above that, then the next couple of days will see the market race to the top of this chart. 

The 5 day cycle projection is now 3915, all but done.

Doesn't guarantee anything. 

Cycle oscillators are very extended and look toppy. 

Doesn't guarantee anything. 

I'm out for the rest of the morning. Have fun. 

Blecch.

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EEM, COPX etc flying. In Poland indices rosed by more than 3%. Most anal cysts are talking about

1. China opening and credit impulse + helping Chinese RE sector

2. Warm winter in Europe and no energy crunch

3. Better than anticipated data

4. Inflation keep coming down

 

So.... soft landing. Thats the play.

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