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Everywhere you look on the ES hourly chart, nothing but uptrend channels. The 5 day cycle projection now points to 5660-65. Sell signals have been meaningless on the hourly oscillators. I would not even think of potential reversal unless the ES is below 5620 this afternoon and at the final bell. Big Move in Superficial Intelligence
Meanwhile, they’ve been using repo to buy Treasuries. Situation becoming more and more fragile. But when it will break is anybody’s guess. Picking Up Nickels in Front of a Steamroller
For moron the markets, see:
- Picking Up Nickels in Front of a Steamroller July 9, 2024
- Gold Raises the Bar July 9, 2024
- Swing Trade Screen Picks – Summer’s Here, Dive In July 8, 2024
- Big Move in Superficial Intelligence July 7, 2024
- Tax Collections Post Strong Gain in June July 4, 2024
- For Primary Dealers Easy Street is No More June 26, 2024
- The Fed Doesn’t Matter Any More May 1, 2024
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