DrStool Posted November 11 Report Posted November 11 A couple of new reports posted. Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024 3-2-1 Liftoff November 10, 2024 Meanwhile, the bullishness persists on the hourly chart of the ES, 24 hour S&P futures. The next inflection point is 6030. If cleared, then 6060 beckons at the close of regular trading. The overnight session may have just been a 5 day cycle low, with no preceding pullback. There's no cycling, just a beeline, so no very short term cycle projections. For the longer run see 3-2-1 Liftoff For moron the markets see: Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024 3-2-1 Liftoff November 10, 2024 Don’t Be Misled By October Tax Collections Collapse November 5, 2024 Swing Trade Screen Picks – Treading Water November 5, 2024 Major Inflection Point November 4, 2024 Old Gold Uptrend Could Get Smoked November 4, 2024 Primary Dealer Crisis Now, Crisis Later October 31, 2024 Liquidity Measures Show Markets Stretched to the Limit October 21, 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.
DrStool Posted November 11 Author Report Posted November 11 The EUR/USD has broken a big top pattern. Barring an immaculate interception of the breakdown, the conventional measured move target of this break is 1.01. A couple of intermediate cycle projections only point to 1.05 however. 1.06 and 1.045 are key spport levels. Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish
DrStool Posted November 11 Author Report Posted November 11 But today, at least, the uptrend surge in Treasury yields (equating to a price collapse) isn't broken yet. Dealers are well hedged in the futures, and hedge funds have hedged the Treasury carry trade, so there may be few scars among them. But money managers and banks are long and leveraged. There are massive losses that will leave a mark. We should start to see the whack-a-mole game soon. Liquidity Measures Show Markets Stretched to the Limit
DrStool Posted November 11 Author Report Posted November 11 The ominous poor tents in gold are coming to fruition. Old Gold Uptrend Could Get Smoked
DrStool Posted November 11 Author Report Posted November 11 Repeating. The breakout in BTC measures to 90k. Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish
DrStool Posted November 11 Author Report Posted November 11 Still bullish if either 6000 or 5995 holds.
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