Do I know which way this will break today?
Hell no.
Look at the trend of the past 3 days in the ES S&P 24 hour fugutures. Look at the hourly oscillators. All perfectly neutral. We’ll just have to wait and see if they break 4078 or 4144.
A rollover in the lower half of the range could give the bears the edge.
Meanwhile, the 10 year yield the past two days has begun to expose the lies that the US economy is on the verge of recession, that inflation is at its peak, and that the Fed is near the end of its tightening.
Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022
To understand and profit from the big picture check out the following.
- Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022
- Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022
- 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
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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