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It’s jobs day. Tax receipts say there was a jobs boom in December. What will the Bureau of Liar Statistics say?
Meanwhile, the hourly chart of the ES, S&P 24 hour fucutures is a so what, before the BLS let’s loose. No doubt the futures will start to move 5 minutes before the report is out.
But whether that move is in the “right” direction is anybody’s guess. The chart is poised to do one of two things, with a third thing as an option. I can confidently guarantee that one of these will happen.
There’s still a 5 day cycle projection of 3780. So there’s that. But from there, who knows. Obviously if they break 3794, the market should start to shit itself, but then there are the dipshits, so we’ll see.
For moron the markets, see:
- Withholding Taxes Are Soaring January 6, 2023
- Gold Has Begun a Cyclical Bull Market January 4, 2023
- Here’s Where Short Term Signals Either Confirm Bullish Or Else January 2, 2023
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
- May Gold Be Merciful Unto Us, Amen December 19, 2022
I am working on swing trade screens right now for posting before NY opens. I’ll have a gold update tomorrow, followed by a new Liquidity Trader Money Trends report focusing on December tax collections and yobs man.
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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8:20 AM Note.
I was wrong. The market started to move 10 minutes before.
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