Looking at the fartcall anallog for our current hourly chart of the 24 hour ES S&P fucutures, the scary resemblance to the Dow Industrials daily chart of 1973 that I showed you yesterday goes on.
I remember it like it was yesterday.
It’s…
So the 10 year Treasury is hanging around 1.5%. I mean, really. WHOTF cares. Who is 1.5% gonna break? NO ONE! Yields aren’t the problem. Price is the problem.
Bitcoin hit a 6 month cycle projection of 57,000. So is this a top or a consolidation? Don’t know! Watch the channel line now at…
Good morning, and welcome to a newly drawn crash channel on the hourly chart. It’s July 1974 deja vu all over again.
I want to start the first craptocurrency. Buttcoin. Everyone will be able to make it, and no electricity will be required. Just fiber. We can all eat fiber, make a few buttcoins each day, and be rich. That’s how it works, right?
Live, at 4 AM in New York, it’s Tuesday Morning. What’s on sale this week? This morning, everything.
The ES fucutures fell just a bit outside of the end of day 5 day cycle projection of 3975. The longer moving average that I use to run those fore…
Wake up.
Get out of bed.
Turn on your screen.
Your shorts are dead.
That said, this is barely a 50% retracement, which is at 3860 on the ES fucutures. There’s also resistance at 3855. Above 3860 resistance lines come at 5-7 point i…
Primary Dealers were holding record levels of inventory with record levels of leverage since late Q3 2019. It was all hunky dory as long as bond prices were rising, or at least stable. The mirror of that is yields falling, or stable.
Ever since then I regularly warned about this in my Liquidity Trader reports. I said that it’s a two way street, and that when the inevitable decline in Treasury prices started, it would devolve into big margin calls to the dealers.
The US Treasury announced today that it would inject another $30 billion into the markets, in an attempt to forestall systemic meltdown.
Bonds are crashing. Will stonks follow? My answer to that question since I began forecasting a bond crash months ago has been, Yes.
The question is when.