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Looks like we are not getting to much sleep late Wednesday night...

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Astutebusyguy

900 Posts.

156

09/07/22

20:55

Post #: 62458870
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Originally posted by steve10: ↑

Don't follow David Hunter or anybody in particular. Try gather data & listen to a few good chartists then make up my own mind.

If head & shoulders pattern plays out with US 10 year bond yields the target is 2% from peak of 3.5%. Lower than expected CPI on Wednesday could make it play out.

S&P now at 3,899. Prior peak was 4,796. Look at these forecasts. Average forecast by end of this year is for new high at 4,900. Appears will be pumped with steroids for H2 2022. Can this many big banks be wrong or is it a set up pump for a big dump later?

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Looks like we are not getting to much sleep late Wednesday night our time as we wait for the CPI to be announced ? Will be interesting to watch the VIX for sure

DW8 Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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