The stock futures markets have taken the weekend at Bernie’s in stride. Here’s how today shapes up.
Was there some news?
However I note some negative divergences. Resistance 3382 and 3390-95.
Sky’s the limit if they clear.
Support at 3365. Bears need to break that, or bulls stay in control.
No 5 day cycle projection yet. 2-3 day cycle proje…
Overseas investors apparently were not impressed. Although here at 4:20 AM NY time, they’ve cut the loss in the fucutures in half.
Again, interesting perspective from the 2 hour bars. They cleared the big downtrend channel twice, early and late. …
Straight from the bowels of the NY Fed, in the name of Jaysus, Praise the Load!
The overnight pullback left us on the brink.
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.
