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Doom Approaches - Prepare to Meet Your Maker 12/22/21

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Here He is. 

Hallowed be his glorious name. US Treasury 10 Year Yield

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Get Ready for a Slow Moving, but Perfect Storm

And for our usual focus on the intraday matters, the hourly ES chart still has a 5 day cycle projection of 4690. Trend support is at 4645 as of 6:45 AM ET. If that holds, then the cycle projection remains doable.

If 4645 breaks, bears have a shot. Only a shot, not a guarantee. There's more support at 4630 and 4625 as New York opens. They'd need to be broken to get the ball rolling downhill. 

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Meanwhile for rest of the big picture. 

Gold Shows Every Sign of Doing This Now (and Forever)

Is It Time to Quit if Your Chart Picks Crushed the Market Last Week?

How to Tell When This Inconclusive Market Turns Dangerous

Prepare for Market Doom, the Moment of Truth Is Here 

Gold Hangs By a Thread on the Eve of Destruction

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Well protected at Malbork Castle.

Today at Malbork Castle, Malbork, Poland

Unfortunately, I was the only one. No one touring the grounds was masked.  Poland recorded a daily record for this wave of 775 Covid deaths today. That's up 15.8% from last week's peak. It would be equivalent to about 5000 deaths in the US. 

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There's a shocking lack of any attempt at avoiding getting the virus here. People are cavalier about masking, despite new government restrictions. This is going to get much much worse. The death rate will go through the roof. 

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45 minutes ago, MisFit Kid said:

My computer camera seems to take normal pics....

I have never owned a smart phone in my life.......

I do have a couple of flip phones in my desk drawer.....😄

Snapshot_20211222.JPG.7757e5d8c8a630c09fd0b024217e3171.JPG

 

Another guy trading in his underwear from the boudoir. 😄😄😄

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