HK_L61

ES - Monthly Risk Range / Impending COLLAPSE

HK_L61 Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
2007 Levels will be upcoming into October 2023.

Summer Counter-Trend has more room for the upside.

The Monthly Risk Range is at extraordinary risk.

"Others" are getting it all together for the Early Fall Classic.

Extreme patience is required for the SELL, it will continue to
develop over time, blink and you'll miss it.

Financial Media continues to caution Bear Market Rally
without mentioning the extremes to which they can and
have occurred @ 10 - 21%.

This one will fail as well as PE's become even more distended
and detached from the collapsing NET's and forward Sales.

Summer has always been the time of year for Wall Street to
begin the next Grift, this one is no different.

Cyclically - 8 weeks from the Weekly Pivot for time lined up
perfectly within the 112 Week Cycle (111.8) with 2/3 weeks of
Wally World left to complete.

$2 Trillion in Pocket lining Stimmy for the "Others" and the
Assault Weapons (Rifle) debate on tap. Pelosi (CCP Ladyboy)
suggesting a visit to Taiwan is in order... A FED who appears to
prefer confusion and delay ahead of the Greater Collapse - all
the while destroying the Labor Markets, while Buffet and his
ilk prepare for Sharecropping the Sheeple.

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The Investment Establishment continues to maintain a balanced Portfolio
of Stocks and Bonds - 90% of the Industry.

Independents beg to differ, they believe avoidance is the optimal strategy.

Risk On versus Risk Aversion.

___________________________________________________________


Goldman Sachs predicted a 14% rise in Equities into 2008, December of
2007 it collapsed 36%.

Wall Street setting the expectations for Greed once again, but failing to
deliver sans a more massive wealth transfer - deliverance.

The 2 main reasons are quite simple:

1. Status Quo Bias - Unwillingness to accept the 10%, only the 90%.

2. Cognition Bias - Confirmation Bias that filters existing preconceptions.


______________________________________________________________


Numbers never lie, however, fudged they may be.

Lying is part and parcel of the Grift.

56% at minimum will come off the Indices in the first leg lower. It will head
far lower over the coming years exceeding the 4-year 90% cycle during the
Great Depression, this will be far greater.

Concentrations are trending further towards non-representation of Humanity
form every point on the Arrangement Curve.







Comment:
4472.50 would be a 20% RT from the Lows.
Comment:
Low Earnings Yields for the S&P 500 are an important warning sign.
Comment:
Inflation moves Nominal Prices higher for the S&P during normal Cycles.

This Cycle is an Inflationary Depression unseen in prior Cycles.
Comment:
Patience remains the Trade. The ES has successfully tested the 55EMA, it failed in prior attempts. Bull FOMO engaged further on the backtest.

Overbought for now, but possible spike to run stops prior to minor correction.

2022 best look BUlls have had all year, hope they take the bait for the Fall Classic, the Fed Pivot is all the rage for now - the weaker the Economy, the more Bullish for Stonks... ;)
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