DrStool Posted July 1, 2022 Report Share Posted July 1, 2022 The last day of trading before a US holiday weekend is usually a day for the bulls to party. This one is set up no different, and here at 6:30 AM, the party organizers are setting up the tent, tables, and well stocked bar. The party goers are beginning to line up at 3785 on the ES, 24 hour S&P fuguetures. If they get past that, Party on Garth! Party on Wayne! If they don't clear that level, storm clouds are gathering in the west that could blow the whole thing down. If they clear 3785, the next target is resistance around 3820-25. Then there's a big resistance zone around 3840-60. That would be the top of a base pattern that could slinghot the market higher next week if they got through there. But if those storm clouds send the would be partiers scurrying for shelter like the rats and roaches that they are, then we look toward 3745, as triangle pattern and trendline sport. Then we've got 3725, 3705, and 3690 as additional sport lines, before bears could really ram it home. If you ask me, the market will close at 3776 today. Those market makers have a sense of humor you know. It's also near the central tendency of the trading range since June 13. Those are your levels to watch today. Meanwhile, Happy Froth. Be careful with those fireworks. You don't want one to blow up in your hand. 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 July 1, 2022 Author Report Share Posted July 1, 2022 The big mahoffs are already at the Hamptons, leaving the junior traders to man the fort and hold the line for the weekend. The question, who will lose their nerve before the 3 day weekend, at the end of the day. Longs or shorts? Link to comment Share on other sites More sharing options...
fxfox Posted July 1, 2022 Report Share Posted July 1, 2022 1 Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2022 Author Report Share Posted July 1, 2022 50 minutes ago, fxfox said: Source please. Link to comment Share on other sites More sharing options...
fxfox Posted July 1, 2022 Report Share Posted July 1, 2022 2 minutes ago, DrStool said: Source please. Some guy via Whatsapp Link to comment Share on other sites More sharing options...
potatohead Posted July 1, 2022 Report Share Posted July 1, 2022 10 minutes ago, fxfox said: Some guy via Whatsapp Good enough for government work Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2022 Author Report Share Posted July 1, 2022 Short squeeze in the 10 year. 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 July 1, 2022 Author Report Share Posted July 1, 2022 Gift, if you're long. Git out. 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! 1 Link to comment Share on other sites More sharing options...
fxfox Posted July 1, 2022 Report Share Posted July 1, 2022 20 minutes ago, DrStool said: Short squeeze in the 10 year. 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! You are talking about price, not yield. Not that someone gets that wrong. 😉 Link to comment Share on other sites More sharing options...
fxfox Posted July 1, 2022 Report Share Posted July 1, 2022 1 hour ago, potatohead said: Good enough for government work 😂✌🏻 Link to comment Share on other sites More sharing options...
fxfox Posted July 1, 2022 Report Share Posted July 1, 2022 Seems like Mohammed is a subscriber 😂 Link to comment Share on other sites More sharing options...
fxfox Posted July 1, 2022 Report Share Posted July 1, 2022 1 hour ago, DrStool said: Gift, if you're long. Git out. 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! You called the top in TLT. Remarkable. Link to comment Share on other sites More sharing options...
Jimi Posted July 1, 2022 Report Share Posted July 1, 2022 Euro still playing "Tease" with parity prospect. Seems like only earlier this week, it had a 1.06 handle. Now down to 1.03 handle. 1 Link to comment Share on other sites More sharing options...
Jimi Posted July 1, 2022 Report Share Posted July 1, 2022 Just now, Jimi said: Euro still playing "Tease" with parity prospect. Seems like only earlier this week, it had a 1.06 handle. Now down to 1.03 handle... or close to it. Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2022 Author Report Share Posted July 1, 2022 Pattern is suddenly looking mighty bullish. But coming up on 2:30 turn time. Link to comment Share on other sites More sharing options...
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