Menu Close

Drip Drip 8/2/22

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.

The US market is bleeding a little this morning. As I pointed out yesterday, they need to break 4078 to complete a nice tight little top pattern on the hourly chart of the ES, S&P 24 hour fuguetures. Still true this morning.

But the 5 day cycle projection is only 4078-80 so far. So we wait, in suspense.

tvc_0db60d5655769a28da6faa1976ad9b6e.png

I’m working on a Liquidity Trader update of the Federal tax collections for July. Just how strong was the jobs picture in July. We already know the facts, and I will report that to you a bit later this morning.  https://liquiditytrader.com/index.php/category/monetary/

Meanwhile, I’ll be back!

To understand and profit from the big picture check out the following.

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.

Join the conversation and have a little fun at Capitalstool.com. 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.

This site uses Akismet to reduce spam. Learn how your comment data is processed.