Well, don’t say I didn’t warn. Withholding Tax Collections Solid in July, But Here’s Why the Party is Over
And we have a rather pointed reaction, as shown in the hourly ES, S&P 500 continuous 24 hour fuguetures. They’ve broken the latest iteration of the green on green on green channels, but beware. They merely need to get back to 4137 to inertiate that. Like that word? It’s new. I couldn’t think of the word I wanted, and that’s what came out.
And if it doesn’t reverse, then the next target will be that all important sport level of 4078. Break that, and Houston, we have a problem.
Meanwhile, the 10 year Treasury yield is strangely quiet. I don’t think it will be for much longer.
To understand and profit from the big picture check out the following.
- Upon Further Review Gold Bottom Call Stands August 5, 2022
- 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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