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Long Weak End Ending Starts a New Weak 2/21/23

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Well, yeah-ah! 

Or maybe not. The 5 day cycle projection is 4037, all but done. And we have the makings of a 5 day cycle low here in the early pre market, with hourly oscillators in a positive divergence from the ES, S&P 500 24 hour futures. 

Now on the hourly chart, we have some impressive looking trading swings. 


But the reality is more like this.


I'm staying away from this meat grinder. 

Meanwhile, Onward, Bond Vigilantes! Here's the 10 year yield hourly. Look at what's happened since the US Treasury started absolutely massacreing the market with  T-bill supply in February. This ripples through the entire yield curve. Looks like another surge on tap today. 


Meanwhile, for the big picture.  Bears Challenge Bulls to A Duel – Here’s Who Gets Shot

For moron the markets, see:

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Double bottom, 6 hours apart. Positive divergences on hourly, 30 minute, and 15 minute bars. Should be a low to start the day. 


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Did I mention on Friday that the market would crash on Monday? I forget.

I KNOW it's not MONDAY, but YOU know what I mean. 😄😄😄

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4 hours ago, DrStool said:

2-3 day cycle projection 3990. 

That's right! 

Just 4 easy payments of 3990. 

Act now while supplies last! 

Make that 3995! That's right, just 3995 folks! WHILE SUPPLIES LAST! 

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1 minute ago, PullMyFinger said:

FOMC minutes tomorrow. The reactions to that should lend itself to a normal, measured, rational and well-reasoned trading day. 🤡

As always. 

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WTF???  Where is the moonshot of TSLA to $220 to save the equity world?  All eyes watching with bated breath (if that is possible).  If not today, there is always tomorrow.

Still hoping the gully-bull can push this up to the gap at 4,230.


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