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Today is the Calm Before the ... Calm 6/20/22

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I mean, I'm dying up here.  I got nuthin.  


It's obvious that as long as the ES S&P 24 hour fuguetures trade between 3637 and 3710, there's just nothing to say. Look out for higher lows within the range. Maybe that will be a tell. I don't know. We'll just have to choke the monkey until the range breaks. 

Meanwhile, BTC found trend support just above 17,000 over the weekend. It's having an obligatory dead cat bounce. That has pulled the 1 year cycle projection back up from 1500 to 8000.


Of course, the conventional measured move target of the top breakdown is still 5000 below zero. 


Meanwhile, the PPT did some nice work preventing more death and destruction in the bond market last week. They can't hold this off for much longer though.  The yield on the 10 year Treasury is headed for 6%.  Dealers Assume the Position


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12 minutes ago, DrStool said:

Butt, the FXFox indicator is making me very nervous. The record speaks for itself. 

Some of us can only dream of having a track record….

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2 minutes ago, Jimi said:

Some of us can only dream of having a track record….

You too can be a contrary indicator! 

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Now that all the stops at 20K were cleaned out, BTC has made a classic bottom pattern on the hourly. Now just needs to clear 21k to trigger massive buy orders. 



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