Only this time, it’s attacking from above and it’s not all that round.
The ES, 24 hour S&P futures look to be headed for 5800 this morning. That’s the approximate 5 day cycle projection. Hourly cycle oscillators are plumbing the area of the last low on October 16, and it’s 4 trading days since that low. Both 5825 and 5815 are spport areas. A cycle low of sorts today is likely, but that test of 5800 depends on how much bouncy bounce is evident at 5825 and 5815. For More Upside
Over in Fixed Income, the bond market is getting crushed and yields are surging. Liquidity Measures Show Markets Stretched to the Limit
And gold takes it to the limit. Parabolic blowoff from here? Gold a la Mode
The euro sinks against the dollar. Next stop 1.075.
No no, Noooooo breakout in BTC.
For moron the markets see:
- Swing Trade Screen Picks – Letting It Ride October 22, 2024
- Liquidity Measures Show Markets Stretched to the Limit October 21, 2024
- For More Upside October 21, 2024
- Gold a la Mode October 18, 2024
- Liquidity Says, The End Is Nigh, Almost October 16, 2024
- Get Your Red Hots Here October 3, 2024
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