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Based on the actions of traders and their algorithms overnight, the new regime will be bullish for stocks and crypto, and bearish for gold and the bond market. We’ll see how that goes. Although my swing trade stock screen algorithm flashed a ton of buy signals last week. So there’s that. Swing Trade Screen Picks – Treading Water
As of 5 AM ET, the ES 24 hour S&P futures hourly chart projected a 4 day cycle projection of 5925. That’s been hit. There’s also some minor trend resistance up around that area.
So now let’s see if there are second thoughts about all this bull movement. Major Inflection Point
Here’s the daily bars on the 10 year Treasury yield. Don’t Be Misled By October Tax Collections Collapse
Old Gold Uptrend Could Get Smoked
BTC breakout on hold. If cleared, it would measure to 90k.
The euro is getting smoked. Discounting the rebuilding of the Russian army and its return to Warsaw and Berlin, and who knows, Frankfurt, Brussels and Paris. The new US regime has already said that the Russians can do whatever the hell they want. Oh boy. I’ll have a front row seat. Should be fun.
And lest we forget,
14 hours ago, DrStool said:Fed’s Deferred QE Slush fund Stash heads for Zero Day Exploit. Primary Dealer Crisis Now, Crisis Later
For moron the markets see:
- Don’t Be Misled By October Tax Collections Collapse November 5, 2024
- Swing Trade Screen Picks – Treading Water November 5, 2024
- Major Inflection Point November 4, 2024
- Old Gold Uptrend Could Get Smoked November 4, 2024
- Primary Dealer Crisis Now, Crisis Later October 31, 2024
- Liquidity Measures Show Markets Stretched to the Limit October 21, 2024
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