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It's BTC Day 1/10/24

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Would you buy it here? 9 month cycle projection looks 46,000ish. 


On the ES, 24 hour S&P futures hourly chart, the uptrend channel is fully intact with the market coming off the trendline here in the premarket around 6 AM ET. That line is currently at 4752, rising to 4757 in the NY opening hour and 4767 at the close.  Clearing 4766 would allow for a move to 4796-97 straight away. And then? Nothing is Broken


Also had some suggestions on the buy side.  Swing Trade Screen Picks – Market Lacks Conviction, But 3 New Picks Have Potential 


For moron the markets, see:

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Meanwhile, the 10 year Treasury yield has pulled back from the 200 day MA. The daily oscillators for intermediate term cycles still support a move higher in yield. Clearing 4.10 would open the way for a move to 4.25-30 in the next couple of weeks. But failure is always an option. US Economy Crashed in December – Nope, See Update



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inflation is spiraling viciously. it's in black and white on the front page of the wsj.

17% increases in car insurance premiums in nj. 30% in californica (allstate requested 40%). same goes for house insurance. many of those fancy wooded lots in ca are uninsurable.

john barleycorn inflation lives on. the tinkerer can no longer afford tools, nor the hunter his horn.

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5 minutes ago, specie said:

What kind of company identifies a problem with an aircraft door but instead of fixing it, just puts a restriction how far over the ocean it can go?

same company whose lithium batteries catch fire

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So now we have a 5 day cycle projection of 4775, done, final. And we have a negative divergence in the 5 day cycle oscillator. So a rollover from here would be bad news for bulls. 

Reminds me of the old commercial. 

Bad breath in dogs. 

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