DrStool Posted March 23 Report Share Posted March 23 Three two three two three. Has a nice ring. But is it enough to take away the sting, Of yesterday's late selloff? As we watch this morning's round mound of rebound. Where is Sir Charles now? If they can keep a lid on it here, the ES, 24 hour S&P futures hourly chart would have a 5 day cycle projection of roughly 3915. But if they clear 3969 this morning, they'll likely run to trend resistance at 3982. That would be decision time for bull or bear. We still have higher lows, both on price and hourly oscillators. Advantage bulls. For now. An hourly close below 3950 this morning should flip that. Massive Fed Monetary Injection Changed the Technical Picture As has been his practice Jerry Show Me the Money rubber stamped the Fake Funds rate to the 13 week bill rate yes turd day. How to Play When Fed Changes the Game, Not Just the Rules The 10 year Treasury yield is set up for a bottom, or a crash right here. Crash would mean soaring bond prices and a potentially self mitigating banking crisis. But if the 10 year turns up, shit will get ugly in bond and bank land. Oh, the shackles of bondage. Where will be the promised land? How to Play When Fed Changes the Game, Not Just the Rules 10 year daily chart. Gold looks golden. Gold Set For High Base Breakout Gold daily chart. I'll take a saucer of that. Puntcoin daily. Still has a conventional measured move target of 34k based on the base breakout. But the 9 month cycle projection is 28k, done. For moron the markets, see: Gold Set For High Base Breakout March 22, 2023 Swing Trade Screen Picks – Show Me the Money, Jerry! March 21, 2023 Massive Fed Monetary Injection Changed the Technical Picture March 20, 2023 How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023 Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023 February Withholding Taxes Say – Fade the Jobs Report! March 2, 2023 Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023 You Can Now Follow the Diabolical Usual Suspects February 16, 2023 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 folder. Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 Lyon today, taken by a friend of mine from another friend's window. VID-20230323-WA0022.mp4 Link to comment Share on other sites More sharing options...
potatohead Posted March 23 Report Share Posted March 23 POWELL: FED OFFICIALS `JUST DON'T' SEE RATE CUTS THIS YEAR When was the last time a Fed official had to eat their own words? Link to comment Share on other sites More sharing options...
Jimi Posted March 23 Report Share Posted March 23 38 minutes ago, DrStool said: Lyon today, taken by a friend of mine from another friend's window. VID-20230323-WA0022.mp4 6.82 MB · 0 downloads Retirement age protests? Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 Just now, Jimi said: Retirement age protests? Wee! Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 Macron rammed it through without a vote. Contrast this with the US where they raise the social security retirement age regularly and nobody utters a peep. Link to comment Share on other sites More sharing options...
SiP Posted March 23 Report Share Posted March 23 This is France, they protest whatever whenever you do. and its just a rise the retirement age from 62 to 64. Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 The French are cranky. But I love them. Because I'm cranky. Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 The French wouldn't be happy if they didn't have something to be miserable and complain about Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 Treasury announced $84 billion in net new T-bill issuance to carry through the end of the month. That's on top of $71 billion in net coupon issuance March 31. Ouch. And, still, they rise. Link to comment Share on other sites More sharing options...
fxfox Posted March 23 Report Share Posted March 23 So now bulls say that Yellen was interpreted wrongly yesterday??? If I remember correctly she didn‘t speak Suaheli, right? Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 Link to comment Share on other sites More sharing options...
fxfox Posted March 23 Report Share Posted March 23 2 hours ago, DrStool said: Macron rammed it through without a vote. Contrast this with the US where they raise the social security retirement age regularly and nobody utters a peep. Is that pegged automatically on the statistical life expectancy in the US? I read that they do this in Italy, Spain, Portugal and Denmark. Link to comment Share on other sites More sharing options...
potatohead Posted March 23 Report Share Posted March 23 40 minutes ago, DrStool said: reminds me of my 9th grade geometry class Link to comment Share on other sites More sharing options...
DrStool Posted March 23 Author Report Share Posted March 23 Got to admit. This is an easy to trade, orderly market. Just follows the charts and mints coin for traders. Yep. Easypeasy. 1 Link to comment Share on other sites More sharing options...
Recommended Posts