I mean, I’m dying up here. I got nuthin.
No wonder. The market is closed today!
It’s obvious that as long as the ES S&P 24 hour fuguetures trade between 3637 and 3710, there’s just nothing to say. Look out for higher lows within the range. Maybe that will be a tell. I don’t know. We’ll just have to choke the monkey until the range breaks.
Meanwhile, BTC found trend support just above 17,000 over the weekend. It’s having an obligatory dead cat bounce. That has pulled the 1 year cycle projection back up from 1500 to 8000.
Of course, the conventional measured move target of the top breakdown is still 5000 below zero.
Meanwhile, the PPT did some nice work preventing more death and destruction in the bond market last week. They can’t hold this off for much longer though. The yield on the 10 year Treasury is headed for 6%. Dealers Assume the Position
To really understand what’s going on there, what lies ahead, what it means for the stock market, and what to do about it to make money from it, or at least preserve what you have left, join me at Liquidity Trader.
All of the above is presented to you for free. Remember, you get what you pay for! If you really want to know what’s going on, then join me at Liquidity Trader. Check out the links below for extended intros.
- Swing Trade Screens – Tank Gawt We’re Not a Long-Only Entity, Poor Bastids June 20, 2022
- Watch Out For a V Bottom June 19, 2022
- Gold Stares Into the Abyss and Doesn’t Like What It Sees June 14, 2022
- Dealers Assume the Position, as 75 BPs Coming Wednesday June 13, 2022
- The US Economy, Including Jobs, Collapsed in May June 2, 2022
- Quantitative Tightening is Here, and the Effect Will Be Devastating June 1, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
