DrStool Posted June 2, 2022 Report Share Posted June 2, 2022 The current pattern on the hourly ES 24 hour S&P continuous fuguetures remains bullish. The key numbers in the hour coming up to 6 AM in New York are 4126 and 4144. If they clear those resistance areas, it should be off to the races again. If they don't clear it, then we're back in triangulation mode. The area of ambiguity would be between that resistance zone and uptrending sport dating from the May 20 low. That will be around 4110 around the time NY opens. Hourly indicator patterns are neutral and inconclusive. They don't know either, but given that they are near neutral, any move that starts from this area is likely to be a decent sized run. Meanwhile, anything above 2.96 on the 10 year should trigger a breakout to the next upleg in yields. Ugly and dangerous. https://liquiditytrader.com/index.php/2022/06/01/quantitative-tightening-is-here-and-the-effect-will-be-devastating/ For the big picture: NEW Quantitative Tightening is Here, and the Effect Will Be Devastating June 1, 2022 A Great Week for Swing Trade Screen Picks May 31, 2022 Shot from Guns, This Market Looks Like Puffed Rice May 30, 2022 We Hold Our Gold Miners, Add Another May 24, 2022 Even Steven in This Week’s Swing Trade Screens May 23, 2022 Stocks Are Ahead of the Curve May 23, 2022 Dealer Positions Show It’s Not Getting Better and It Should Get Worse May 15, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
aussiebear Posted June 2, 2022 Report Share Posted June 2, 2022 My idea of a beach: 80 mile beach north west Western Australia ..😎 Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 I just ran the withholding tax data for May. It's a shocking decline. I'm writing a report on it now that explains WTF is going on, what it means for the markets, and how to play it to protect and grow your capital. Liquidity Trader- Money Trends How Fed and Treasury policy, Primary Dealers, real time Federal tax collections, foreign central banks, US banking system, and other factors that affect market liquidity, interact to drive the financial markets. Focus on trend direction of US bonds and stocks. Resulting market strategy and tactical ideas. 4-5 in depth reports each month. Click here to subscribe. 90 day risk free trial! Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 55 minutes ago, aussiebear said: My idea of a beach: 80 mile beach north west Western Australia ..😎 What good is a beach without half naked bodies? 😁 Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 Amazing how this works. Link to comment Share on other sites More sharing options...
aussiebear Posted June 2, 2022 Report Share Posted June 2, 2022 17 minutes ago, DrStool said: What good is a beach without half naked bodies? 😁 Gyms are the place for those 😉 Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 2, 2022 Report Share Posted June 2, 2022 so what did the FED just say....? >: they are"giving a speech" every day now....... Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 2, 2022 Report Share Posted June 2, 2022 crime pays again for the American Heroes known as "inflation fighters" Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 Schwang. Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 The US Economy, Including Jobs, Collapsed in May Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 Up, up and away. 5 day cycle projection 4225. Link to comment Share on other sites More sharing options...
potatohead Posted June 2, 2022 Report Share Posted June 2, 2022 1 hour ago, DrStool said: The US Economy, Including Jobs, Collapsed in May excellent report. Link to comment Share on other sites More sharing options...
fxfox Posted June 2, 2022 Report Share Posted June 2, 2022 2 hours ago, DrStool said: The US Economy, Including Jobs, Collapsed in May Doc, as always: Fantastic job! But somehow I have to say it smells fishy. The FED knows that data too. It is public now, you know 😂. The FED isn‘t dumb. It knows everything we do. The question: Is the FED trapped like we think it is, or will Flash God come and save her: 😂✌🏻 In May 2000 FED stopped hiking THEN the shit really started hitting the fan, so there is hope for the bears. Bears are often their wirst enemy, they are getting as greedy as bulls. Seeing 1500 ever again is a nice dream, but that‘s that. Below 3000 the pressure n the FED will start to get gigantic. Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2022 Author Report Share Posted June 2, 2022 Put 12 geniuses in a room and you get group psychosis. The Fed has proven time and again that it's clueless because it is delusional in its own self grandeur. It operates on behalf of its bank cronies. It does not make policy to benefit the public or anyone else other than itself and its friends, and it can't even get that right. Everybody saw this inflation developing, except the Fed. Think about that. How is that possible? Link to comment Share on other sites More sharing options...
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