Well, yeah-ah!
Or maybe not. The 5 day cycle projection is 4037, all but done. And we have the makings of a 5 day cycle low here in the early pre market, with hourly oscillators in a positive divergence from the ES, S&P 500 24 hour futures.
Now on the hourly chart, we have some impressive looking trading swings.
But the reality is more like this.
I’m staying away from this meat grinder.
Meanwhile, Onward, Bond Vigilantes! Here’s the 10 year yield hourly. Look at what’s happened since the US Treasury started absolutely massacreing the market with T-bill supply in February. This ripples through the entire yield curve. Looks like another surge on tap today.
Meanwhile, for the big picture. Bears Challenge Bulls to A Duel – Here’s Who Gets Shot
For moron the markets, see:
- Swing Trade Screen Picks – Ambiguity Central February 21, 2023
- Bears Challenge Bulls to A Duel – Here’s Who Gets Shot February 21, 2023
- You Can Now Follow the Diabolical Usual Suspects February 16, 2023
- One Gold Indicator Needs to Whipsaw or Will Signal a Secular Top February 14, 2023
- Swing Trade Screen Picks – Meat Grinder Prevails February 13, 2023
- How Bears Could Take Charge This Week February 13, 2023
- US Treasury Throws A Shocker to Reverse the Stock Market Outlook February 9, 2023
- Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 2023
- Withholding Taxes Fell Sharply in January February 3, 2023
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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