DrStool Posted August 9, 2022 Report Share Posted August 9, 2022 Looking at the hourly chart of the 24 hour continuous ES S&P fuguetures, the question is whether we have another potential top in the making. It's too soon to tell. First they would need to drop to 4101.8. Then they would need to break it. Until that happens, nothing doodooing. We doo have at least the semblance of a downtrend channel in the making. Get it? Making? But if they clear 4146, that's the end of that. End. heehee. Barring something breaking, we are doomed. Doomed, I say. To another day in this interminable, now 8 trading day old trading range. So this afternoon, I think I'll resume painting my apartment. That way I can watch paint dry. To understand and profit from the big picture check out the following. Swing Trade Screens – One Bad Trade Hurt But the Rest Bailed Us Out for a Win August 8, 2022 Fasten Your Seatbelts – Updated Cycle Projections Are Shocking August 8, 2022 “As Good as It Gets” Was Good While It Lasted August 6, 2022 Upon Further Review Gold Bottom Call Stands August 5, 2022 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 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...
BurntOnce Posted August 9, 2022 Report Share Posted August 9, 2022 I bonds are paying 10% interest, semi-annual compounding. available at treasurydirect. Link to comment Share on other sites More sharing options...
fxfox Posted August 9, 2022 Report Share Posted August 9, 2022 The SOX was in late 2008 at 167. In early 2022 it was at 4068. This shows the whole insanity of QE. We are speaking about an already well known index back in 2008, with well known constituents, the whole world was dependend on Semis back in 2008 and so on and on… Link to comment Share on other sites More sharing options...
Jimi Posted August 9, 2022 Report Share Posted August 9, 2022 Waiting for the Godot of CPI tomorrow. Link to comment Share on other sites More sharing options...
Jimi Posted August 9, 2022 Report Share Posted August 9, 2022 Gap & go tomorrow would be delicious. Link to comment Share on other sites More sharing options...
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