Well, today is the first day of the rest of my life. Come to think of it, it’s the first day of the rest of your life too. What a coincidence! So, what are you going to do with it? Something good, I hope.
For me it’s a milestone. Today I closed on my apartment in Nice. In France they call it the final compromis, I think. Something like that. Anyway, it means that I own my apartment. Uh oh! What do I do now?
Renovations.
Always something to look forward to.
Meanwhile, the US stock market is in desperate need of renovation. In fact, it’s falling down, and is likely beyond the state of needing renovation. It needs to be demolished and rebuilt from scratch. It did some demo overnight. We left with a 5 day cycle projection of 3830 on the hourly ES, 24 hour S&P fuguetures. They did that overnight. Now the 5 day cycle projection is 3815. Got to 3818 so far. Close enough for gummit work.
But wait, maybe there’s more! 3825 might be a sport level. But if not, then we’re looking at 3805.
For the longer view that concerns most of us, see Advantage Bulls, But It’s Over If This One Thing Happens This Week.
To better understand the big picture right now so that you can take the correct action when the time is right, check out the following:
- Advantage Bulls, But It’s Over If This One Thing Happens This Week July 9, 2022.
- Recession? What Recession? July 5, 2022
- For Swing Trades this Week, It’s Politics As Unusual July 5, 2022
- Gold’s Worst Projections Are Happening July 6, 2022
- Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022
- We Knew QT Would Be Devastating, But You Ain’t Seen Nothing Yet June 21, 2022
- Dealers Assume the Position, as 75 BPs Coming Wednesday June 13, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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