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A couple of new reports posted.
- Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024
- 3-2-1 Liftoff November 10, 2024
Meanwhile, the bullishness persists on the hourly chart of the ES, 24 hour S&P futures. The next inflection point is 6030. If cleared, then 6060 beckons at the close of regular trading.
The overnight session may have just been a 5 day cycle low, with no preceding pullback. There’s no cycling, just a beeline, so no very short term cycle projections. For the longer run see 3-2-1 Liftoff
The EUR/USD has broken a big top pattern. Barring an immaculate interception of the breakdown, the conventional measured move target of this break is 1.01. A couple of intermediate cycle projections only point to 1.05 however. 1.06 and 1.045 are key spport levels. Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish
But today, at least, the uptrend surge in Treasury yields (equating to a price collapse) isn’t broken yet. Dealers are well hedged in the futures, and hedge funds have hedged the Treasury carry trade, so there may be few scars among them. But money managers and banks are long and leveraged. There are massive losses that will leave a mark. We should start to see the whack-a-mole game soon. Liquidity Measures Show Markets Stretched to the Limit
The ominous poor tents in gold are coming to fruition. Old Gold Uptrend Could Get Smoked
For moron the markets see:
- Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024
- 3-2-1 Liftoff November 10, 2024
- 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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