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Market on the Edge of a Meaningful Breakdown 10/28/22

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The 24 hour ES S&P futures have moved to the edge of a significant breakdown here in the mid morning hours in Europe, approaching 4 AM in New York. If they hit the 5 day cycle projection of 3740, it would be a clean break of multiple sport trendlines from 3750 to 3775. 


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10 minutes ago, BurntOnce said:

there will be some fireworks when the BOJ decides to pare purchases of US trashuries.

You have evidence that they've been buyers? I don't see any sign of any foreign central bank buying. 

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