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We’ve had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial 5 day cycle projection also points to that zone. For More Upside
In the event of a rebound, 5865 looks like resistance today.
Over in the bond market, we have another breakout in the 10 year yield. Liquidity Says, The End Is Nigh, Almost
And gold is going parabolic as it heads for 2800 and points beyond. Gold a la Mode
The EUR/USD is testing support. As Treasury yields rise, that could encourage more doolah buying and your Oh, selling.
Bitcoin Bros have met the resistance. If they break through, the measured move target would be around 75k.
For moron the markets see:
- For More Upside October 21, 2024
- Gold a la Mode October 18, 2024
- Liquidity Says, The End Is Nigh, Almost October 16, 2024
- Swing Trade Screen Picks – Loads of Buy Signals with Good Setups October 15, 2024
- Get Your Red Hots Here October 3, 2024
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