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They Fought the Law and the Law Won- 2/22/23

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The bulls continue to fight the Fed, breaking the First Rule of Law. And what happens when you fight the Fed? This. The ES 24 hour S&P futures hourly.


And this:


That's the 20 year Treasury ETF hourly. January rally round trip. 

If they don't clear 4015 on the ES today, bulls will suffer more pain. The busted top pattern has a conventional measured move target of 3910. Probably won't happen all today, but I wouldn't rule it out either. Normal 2-3 and 5 day cycles are out of synch, so timing is just a matter of sport and resistance today. 

Ciao for now. 

Meanwhile, for the big picture.  Bears Challenge Bulls to A Duel – Here’s Who Gets Shot

For moron the markets, see:

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30 minutes ago, fxfox said:

Bears took over, but traffic here non existent. Bearish.

There are very few bears remaining.

Looking forward to the crash when this really starts going down... there will be no buyers.

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Shorted Nvidia afterhours using NVDS (1.25x Bear ETF).  The $20 rise seemed like a little too much:wacko2: and it just felt right to me...

Unless they have a Heuristically programmed ALgorithmic Computer 9000 already to rollout, could be overdone.

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