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Stock Market Set to Drop Like a Stone 6/29/22

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The ES S&P 24 hour fuguetures have a 5 day cycle projection of 3780 on the hourly chart. It doesn't guarantee that they'll get there. There's trend support at 3800. But if that breaks, the next trend support is around 3765-70. It looks like a more likely target than 3880. Any bounces that don't clear 3830 would suggest more downside ahead. 

Conversely, if 3800 holds, and then they break 3830, fasten your seatbelts for a rocket ride to 3900 again. 

tvc_f36ca92f5048f5eb5572c9de091161b5.png

Meanwhile the crypto kids can't seem to get it going, with BTC on the way to a 1 year cycle projection of 9-12k and a long term measured move target of 5000 below zero. 

tvc_308f4ae79aab494601d9e4b271a86520.png


And the 10 year yield is still firmly ensconced in its uptrend channel, despite the big pullback this month. There's a huge coupon settlement coming tomorrow, only partly offset by T-bill paydowns. It will be a big test.

tvc_d45248d552c5ec6fd33ab79e54a7e5f9.png

Meanwhile, for gold bugs, Gold Nears Triggers That Would Signal Brutal Outlook

Follow how pre-determined and known liquidity flows drive stock and bond prices here . I will show you and tell you exactly how the major forces of macro liquidity move not just the bond market, but stocks as well. Liquidity analysis sets the context for technical analysis. It helps us to narrow the focus of our chart reading to the outcomes that are most likely, given the circumstances. 

To better understand the big picture right now so that you can take the correct action when the time is right, check out the following:

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Fed boss Jerome Powell: Soft landing is feasible but will be 'quite challenging'
 

https://seekingalpha.com/news/3852851-fed-boos-jerome-powell-soft-landing-is-feasible-but-will-be-quite-challenging?source=content_type%3Areact|first_level_url%3Amarket-news|section_asset%3Amain

He admitted that "we now understand better how little we understand about inflation."

What he really wanted to say:“We hsve no effing clue, Goddamit!“

😂😂😂

 

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BURNT OFFERINGS

Its been fun watching the God of Value wash away the wealth transfer vehicles in the river of reality.

But he has only been able to do so because the God of Money (FEDUS) has allowed him too.

But for how long will FEDUS resist the desire to medle in monetary affairs and feed the asset markets print addiction.

Only time and stress in the bond market will tell.

In the meantime the WTV's have been offered up as burnt offerings in the Eccles temple to FEDUS. 

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SOME MORE NEEDED ETF's

Where are the Crypto short ETF's?????

We could even tokenise the idea.......

A crypto coin that rises in value as another crypto coin falls in value!!!!!

Short Coin!!!! Bust Coin!!! Dust Coin!!!

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1 hour ago, Jimbo said:

SOME MORE NEEDED ETF's

Where are the Crypto short ETF's?????

We could even tokenise the idea.......

A crypto coin that rises in value as another crypto coin falls in value!!!!!

Short Coin!!!! Bust Coin!!! Dust Coin!!!

There is one in the US since June 21:

https://www.proshares.com/our-etfs/leveraged-and-inverse/biti/
 

Symbol: BITI

BITCH or BIATCH would have been better 😂🏻
 

In Germany there is one since Jan 2020:

https://www.justetf.com/en/etf-profile.html?isin=CH0514065058#overview

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You're shorting something that doesn't exist. BITI is a fund that is short BTC futures. It breaks my brain to try to think of what that means. 

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End of month Treasury settlement. $79 billion gross. $58 billion net of T-bill paydowns. 13 week bill rate is surging again, back to 1.80, 22 bp above fective fed funds. 

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