I’m now safely ensconced in my new permanent home in Nice, and it’s time to get to work!
We had yet another bear market rally overnight, on meta earnings. There is of course a difference between meta earnings and real earnings. I’ll leave that discussion to the funny mentalists.
Here’s the main meal, the TA for today. I’ve drawn a new tentative downtrend channel on the hourly chart of the 24 hour ES S&P futures. That will give you an idea of where I think this is headed. If they don’t clear 4250 straight away, then I expect we’ll see 4175 again PDQ. Then we’ll see!
I present the euro chart without comment. What’s there to say. The picture says it all.
Today’s episode of, As the T-bill Turns (so goes the Fed).
The 10 year is now targeting three point uh oh.
Be in the know. Get the blow by blow.
Gold got sold, but will it hold?
And for the big picture:
- Swing Trade Chart Pick Screens Flip Flop April 25, 2022
- Ugly Whipsaw Revives Crash Potential in Stocks April 25, 2022
- Tons of Cash, Not In Use, Signals this Huge Change in the Market April 23, 2022
- Sell Gold in May and Go Away? April 19, 2022
- Primary Dealers Still Long and Wrong, But A Gift Rally Looms! April 11, 2022
- Why March Withholding Taxes Showing Red Hot Economy Is Bearish April 3, 2022
- Fragile and Dangerous Semi Blind Spot March 28, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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