I’m sorry folks, but this just isn’t a bearish pattern on the hourly. I mean the trend is, obviously. And the trend is your friend. But the pattern isn’t. Because this is a pattern. And what do we know about patterns, class?
That’s right.
All…
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
There it is. Bullish.
No… wait.
Maybe bearish?
We’ll know today. For starters the 2-3 day cycle projection points to 4420-4445. The 5 day cycle projection also points to 4445. So the projections say, breakout ahead.
The key re…
The 2-3 day cycle projection is 4245. 5 day is 4220.
4280 and 4270 are critical sport levels.
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When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.
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Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
My weekend has started. I’m at Dworzec Centralny w Warszawie, waiting for a train for a little weekend road trip to Krakow. I will post more once I get situated in my train in about 30 minutes.
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.