The US market is bleeding a little this morning. As I pointed out yesterday, they need to break 4078 to complete a nice tight little top pattern on the hourly chart of the ES, S&P 24 hour fuguetures. Still true this morning.
But the 5 day cycle projection is only 4078-80 so far. So we wait, in suspense.
I’m working on a Liquidity Trader update of the Federal tax collections for July. Just how strong was the jobs picture in July. We already know the facts, and I will report that to you a bit later this morning. https://liquiditytrader.com/index.php/category/monetary/
Meanwhile, I’ll be back!
To understand and profit from the big picture check out the following.
- Swing Trade Screens – We Had Longs, Yay! But… August 1, 2022
- To Blow Off, or Not to Blow Off – That Is the Question August 1, 2022
- Gold Has Made a Bottom July 28, 2022
- The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022
- As Good As it Gets, Before the End of Time July 18, 2022
- Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022
- Recession? What Recession? July 5, 2022
- Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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