At least on Monday morning.
Let’s start with the 30 minute bars, then zoom out.
The last move up overnight as of 3:30 AM in NY looks tired and toppy. But with a 2-3 day cycle projection of 3335, there’s some prospect of a second wind.
…
Straight from the bowels of the NY Fed.
Crossing Patterns Confuse the Defense 9/25/20, was my original heading on the thread at the Stool Pigeons Wire.
Well, at least that was the case a couple of hours ago, but no longer.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Here’s that beautiful 2 hour bar chart again. It sure looks like it’s trying to bottom here, if you look at where it is, and the behavior of the lower indicators. In addition, the 5 day cycle projection of 3218 was hit. But I would have expected more …
Broadcast straight from the bowels of the US Treasury. What’s that smell?
The uptrend from yesterday’s low looks solid, with a 5 day cycle projection of 3330-40. But first, trend resistance is suggested at 3316-17, and 3325-30. But even reaching 3340 might not give the bulls a victory in the big picture.
As broadcast straight from the bowels of 222 Liberty Street, NY, the home of the NY Fed
It took all day, but they finally mounted a short covering stampede in yesterday’s last hour. The result left the market shy of repairing the breakdown. The indicators are ambiguous this morning. They’re not signaling yet whether there’s a second roun…
From the bowels of the NY Fed to the coffers of the Primary Dealers, here’s the latest emanation. I take the bull by the horns and decode the emanations for you.