DrStool Posted July 11 Report Posted July 11 Everywhere you look on the ES hourly chart, nothing but uptrend channels. The 5 day cycle projection now points to 5660-65. Sell signals have been meaningless on the hourly oscillators. I would not even think of potential reversal unless the ES is below 5620 this afternoon and at the final bell. Big Move in Superficial Intelligence Meanwhile, they've been using repo to buy Treasuries. Situation becoming more and more fragile. But when it will break is anybody's guess. Picking Up Nickels in Front of a Steamroller For moron the markets, see: Picking Up Nickels in Front of a Steamroller July 9, 2024 Gold Raises the Bar July 9, 2024 Swing Trade Screen Picks – Summer’s Here, Dive In July 8, 2024 Big Move in Superficial Intelligence July 7, 2024 Tax Collections Post Strong Gain in June July 4, 2024 For Primary Dealers Easy Street is No More June 26, 2024 The Fed Doesn’t Matter Any More May 1, 2024 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.
TurdButter Posted July 11 Report Posted July 11 So, it's Summertime. But which one? The one where the livin' is easy from Porgy and Bess in 1937? The Summer of 42...hmmm? The Summer of Love, with White Rabbits everywhere? The Summer of 1987? The Summer of 1999? The Summer of 2007?. I'll say one of the last three, the ones I truly remember-was but a tyke in '67. But how will it end up rhyming? Will simply have to wait and see.
DrStool Posted July 11 Author Report Posted July 11 I was out for a few hours. Did I miss anything? If so, what? If so why? If not, why not? If not now, when?
Takachi-1 Posted July 11 Report Posted July 11 Nothing here that the 30 yr climbing back over 4.5% won't solve
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