DrStool Posted June 30, 2022 Report Share Posted June 30, 2022 The Froth of July Weekend is here! Time to sell a bait. Dance to the moo sick. The overnight selloff leaves us with a 5 day cycle projection range of 3740-3780. As of 7 AM in New York, the 24 hour ES S&P fuguetures are sitting on a sport line at 3760, smack in the middle of the projected range. If this line gives way, then the next sport level is around 3730 this morning. If that breaks they'll probably do the slinky thing, every 20 points or so down to 3660, where there's a fireworks and custard stand. It's custard's last stand before the holiday. As of 10 AM in New York. The top of this beautiful downtrend channel will be at 3765. ES needs to get above that line to break this trend and start another dead cat resurrection. 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: Gold Nears Triggers That Would Signal Brutal Outlook June 29, 2022 Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022 Bulls Have Hope This Week, Bears Wary of Pump June 27, 2022 The Spike Is Here, So Here’s What to Expect June 26, 2022 We Knew QT Would Be Devastating, But You Ain’t Seen Nothing Yet June 21, 2022 Dealers Assume the Position, as 75 BPs Coming Wednesday June 13, 2022 The US Economy, Including Jobs, Collapsed in May June 2, 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...
DrStool Posted June 30, 2022 Author Report Share Posted June 30, 2022 In a wrinkle that I didn't expect, the 10 year Treasury yield has broken the uptrend channel. There's a big end of month settlement today. I would expect this price rally/yield decline to be reversed. 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 30, 2022 Author Report Share Posted June 30, 2022 Interesting. 10 year yield hit, to the penny the low reached on 6/23. Link to comment Share on other sites More sharing options...
DrStool Posted June 30, 2022 Author Report Share Posted June 30, 2022 We're cusping. Technical Trader Lee Adler’s proprietary cycle analysis with market trend and position ideas for investors and weekly individual stock swing trade ideas for traders. Click here to subscribe. 90 day risk free trial! Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 30, 2022 Report Share Posted June 30, 2022 so someone got the tap on the shoulder....... Link to comment Share on other sites More sharing options...
DrStool Posted June 30, 2022 Author Report Share Posted June 30, 2022 Cusping is when the market doesn't go up, and goes down instead, or vice versa. It's like when I'm dating two nice women and one of them tells me, you must decide between me and the other one. And I say, "But I can't decide" And she says, Alrighty then. Link to comment Share on other sites More sharing options...
DrStool Posted June 30, 2022 Author Report Share Posted June 30, 2022 I'll wait. Link to comment Share on other sites More sharing options...
DrStool Posted June 30, 2022 Author Report Share Posted June 30, 2022 That's the market cusping. Link to comment Share on other sites More sharing options...
DrStool Posted June 30, 2022 Author Report Share Posted June 30, 2022 OK, so the downtrend channel is broken, but I think we're just in a weak flat up phase. If they don't clear 3795, we'll tank later. Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 30, 2022 Report Share Posted June 30, 2022 and the tap on the shoulder has saved the day, again......... Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 30, 2022 Report Share Posted June 30, 2022 another miracle pump job/huge daily reversal with bad "economic data" Link to comment Share on other sites More sharing options...
fxfox Posted June 30, 2022 Report Share Posted June 30, 2022 The hard downmove was due to settlement and the upmove is due to EOQ window dressing and some shorts locking in profits so that they appear on their books. The downmove was real, the upmove is just technical. That‘s my interpretation. When I look around many think that the high in rates is in. We will see… Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 30, 2022 Report Share Posted June 30, 2022 2 hours ago, DrStool said: Cusping is when the market doesn't go up, and goes down instead, or vice versa. It's like when I'm dating two nice women and one of them tells me, you must decide between me and the other one. And I say, "But I can't decide" And she says, Alrighty then. Ahhhh, the appearance of freewill. "If you choose not to decide, you still have made a choice." Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 30, 2022 Report Share Posted June 30, 2022 12 minutes ago, PullMyFinger said: Ahhhh, the appearance of freewill. "If you choose not to decide, you still have made a choice." that is a band I wished I had seen live....... Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 30, 2022 Report Share Posted June 30, 2022 3 minutes ago, MisFit Kid said: that is a band I wished I had seen live....... Me too. Rush was pretty much the soundtrack to my college years. R.I.P. Neil Peart. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.