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Today is the Calm Before the … Calm 6/20/22

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I mean, I’m dying up here.  I got nuthin.

No wonder. The market is closed today!

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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.

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Of course, the conventional measured move target of the top breakdown is still 5000 below zero.

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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

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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.

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