DrStool Posted August 3, 2022 Report Share Posted August 3, 2022 Do I know which way this will break today? Hell no. Look at the trend of the past 3 days in the ES S&P 24 hour fugutures. Look at the hourly oscillators. All perfectly neutral. We'll just have to wait and see if they break 4078 or 4144. A rollover in the lower half of the range could give the bears the edge. Meanwhile, the 10 year yield the past two days has begun to expose the lies that the US economy is on the verge of recession, that inflation is at its peak, and that the Fed is near the end of its tightening. Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 To understand and profit from the big picture check out the following. Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022 Swing Trade Screens – We Had Longs, Yay! But… August 1, 2022 To Blow Off, or Not to Blow Off – That Is the Question August 1, 2022 Gold Has Made a Bottom July 28, 2022 The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 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...
potatohead Posted August 3, 2022 Report Share Posted August 3, 2022 Lee what is your take on the rising failures to deliver in the Treasury repo market the last week? Sign of tight liquidity conditions? Link to comment Share on other sites More sharing options...
Jorma Posted August 3, 2022 Report Share Posted August 3, 2022 It's looking a little shaky on my August end of QT guess but September, October, November are just too obvious. Link to comment Share on other sites More sharing options...
fxfox Posted August 3, 2022 Report Share Posted August 3, 2022 15 minutes ago, Jorma said: It's looking a little shaky on my August end of QT guess but September, October, November are just too obvious. Oct I‘d say. Sep swoon dive and Nov would be too late. On Thanksgiving the upside steamroller must already working since a few weeks… Maybe we get a double bottom at 3650, maybe not even that. Link to comment Share on other sites More sharing options...
fxfox Posted August 3, 2022 Report Share Posted August 3, 2022 Price action looks like climbing the wall of worry. Many disbelievers, too many bears. Link to comment Share on other sites More sharing options...
DrStool Posted August 3, 2022 Author Report Share Posted August 3, 2022 2 hours ago, potatohead said: Lee what is your take on the rising failures to deliver in the Treasury repo market the last week? Sign of tight liquidity conditions? I'm not well versed in that. I have to think about the mechanics involved. at first blush it sounds like somebody is borrowing against collateral they don't have. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 3, 2022 Report Share Posted August 3, 2022 12 minutes ago, fxfox said: Price action looks like climbing the wall of worry. Many disbelievers, too many bears. No one seems bearish on AAPL or the miracle of "Infinite Growth Stocks". But above all, there is no belief in higher interest rates or QT by central banks...... Link to comment Share on other sites More sharing options...
Jimi Posted August 3, 2022 Report Share Posted August 3, 2022 This rally is giving me vertigo. Link to comment Share on other sites More sharing options...
DrStool Posted August 3, 2022 Author Report Share Posted August 3, 2022 giving me the creeps. Link to comment Share on other sites More sharing options...
DrStool Posted August 3, 2022 Author Report Share Posted August 3, 2022 trying to look at this on my cell phone the 5-day cycle projection looks like 4195 or so.. about the same measuring objective as the high base breakout. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 3, 2022 Report Share Posted August 3, 2022 1 minute ago, DrStool said: trying to look at this on my cell phone the 5-day cycle projection looks like 4195 or so.. about the same measuring objective as the high base breakout. So the last 3 months on the SPX is a "do over"....... Link to comment Share on other sites More sharing options...
DrStool Posted August 3, 2022 Author Report Share Posted August 3, 2022 I can't draw on my phone but this looks like the top of the channel right here. there should be some resistance. You have a shot at a reversal here maybe not a great one but a shot is better than no shot. 😊 Link to comment Share on other sites More sharing options...
DrStool Posted August 3, 2022 Author Report Share Posted August 3, 2022 I had to delete that post it broke the site. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 3, 2022 Report Share Posted August 3, 2022 It was a scam alert From Charles Schwab, Crypto and "digital assets"....... Schwab is here/there to protect...... >: they are also doing their own Crypto ETF (But no mention) and no mention of any other types of Scams being pushed around.....(or the CB's/SEC) Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 3, 2022 Report Share Posted August 3, 2022 Schwab Logo Here Stay alert for investment scams involving cryptocurrency At Schwab, we’re committed to helping you protect your assets. One way we do that is by raising awareness of the increase in fraudulent investment schemes (“scams”) involving cryptocurrencies and digital assets. While investing involves taking some risks, being scammed shouldn’t be one of them. Link to comment Share on other sites More sharing options...
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