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The 2 legs look strong so probably still a 3rd leg or at least a double top is needed before a top can be possible.JFR wrote:ES daily.
Two-legged move up since July 19.
Now in a very tight range for 8 days.
Hi Cobra,Cobra wrote:The 2 legs look strong so probably still a 3rd leg or at least a double top is needed before a top can be possible.JFR wrote:ES daily.
Two-legged move up since July 19.
Now in a very tight range for 8 days.
Wait till winter, Oil/gas will get super expensive due to russia embargo and US reserves depletion FED will have to hike till 5.0% or democrats will lose the electionbrokebybernacke2 wrote:oil is up, makes everything expensive, market no like.
We shall see, but market needs oil below 88 level to start movin up again. Semis are pretty dour on 2023, wonder what up.marcueus2 wrote:Wait till winter, Oil/gas will get super expensive due to russia embargo and US reserves depletion FED will have to hike till 5.0% or democrats will lose the electionbrokebybernacke2 wrote:oil is up, makes everything expensive, market no like.
it did not happen because it is too late to just to stop it with lower oil prices and inflation "hype train" is on the rails. Right now only recession can stop it.cletus wrote:The upcoming CPI report is probably responsible for today's nervousness and selling. Doubt investors will be rewarded for that behavior. Eventually CPI stands to crash month over month because of huge declines in oil, grains, etc. It didn't happen last month because the costs hadn't really flowed through to other areas. It will start to soon.