That’s right. It’s the national holiday of France. Here they call it the Fourteenth of July. Pretty clever, huh? Reminds me of another country I know well. Know it better than this one even.
The French celebrate by eating cake, of course.
That’ll show ’em!
Man! Did I see some fireworks last night.
But the best fireworks was the rising supermoon. Oh la la.
Could be in for some fireworks in the market today, and it might just get mooned too. The ES S&P fuguetures (that word definitely helps for search engine optimization — ok, not) are just above a critical sport level on the hourly chart. If this sport zone 3745-3736 breaks, the conventional measured move target would be around 3560.
Oh boy, that would call for a whoopee. Cushion. Whoppee cushion, that is. Might be the real thing on Wall Street though. Brown pants syndrome day.
As far as cycle projections go, I got nuttin below where they’ve already been in the premie market. So place your bets and let the games begin.
By the way, 3765 is now the piece de resistance.
Happy Fourteenth of July.
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:
- Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022
- More Bad News Ahead for the Golden Boys July 13, 2022
- 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
- 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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