That’s the latest 5 day cycle projection. But there’s a little matter of round number resistance to be handled.
Also, hourly indicators are on the sell side with a negative divergence since yesterday. If we get an hourly close below 3282, I might …
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.
Fed QE: $1.201B TIPS Purchase 2020-08-04
The Fed and Treasury can guarantee all the loans they want. That doesn’t mean that anyone will want to borrow or any banks will want to lend:
The price action is a horror show.
As projections rise, prices are rising to catch up with them as concurrent up phases grow long in the tooth. But momentum and cycle indicators remain bullish. Here are the latest projections and suggestions.
The hourly chart looks like a slinky climbing stairs. The next move will be up.
No.
Wait.
Down.
Or.
Oh, never mind.
Few appear willing to follow the probabilities of a future in which a vaccine cannot possibly be the “magic cure” everyone wants.Let’s attempt the impossible and set aside all preconceptions we might have about a vaccine for Covid-19, and think it thro…
But play both sides. Which is what we’re doing. Broad market indicators say the market is going higher, but cycle screens say, “Whoa, not so…
If we could chart “inequality,” it would at this point be rising parabolically – following the trajectory of the Fed’s balance sheet. I had been assuming Fed holdings would at some point be getting a lot larger. It seemed clear inequality would only get worse. COVID dramatically accelerated both trends.