TNX - 10 Year Note Yield / High to Highs FIB Wave Extensions
The 10Yr Yield is performing as indicated. The Reversal is trading
the Trend Line and FIB Extensions to near perfection.
Beyond the 1Hr, which is a better TF to illustrate the Price
action - The Daily continues to remain in Strength within the
trend.
The Trade Plan has a break of the 1.7650 Highs as the Catalyst
for the test of the Equity Complex 200SMAs.
Given the Complexity of this Counter-Trend, Equites could continue
to rise as Yields Rise for the Short Term.
_________________________________________________________________________
The current Environment is dis-similar to 2016 when Yields and Equities
were rising. Traders cite this as a non-conditional similarity and are
using it to Echo.
It is entirely dis-similar and not a confirmation by any metric.
The Markets in 2016 were fueled by a Tax Cut, a Give-away for the very
Wealthy and Corporations.
Since March of 2020, Price action has been fueled entirely by the "V" Shaped
Recovery narrative - Supported by $10s of Trillions in DEBT - Daylight and Shadow.
The Meme's for Buying are far and wide - Fundamentally, they are almost always,
without exception - Incorrect - Fundamentals do matter, Debt matters, Solvency
matters... This abject degeneracy will meet its maker in 2022 as 5/5 concludes.
Never in the History of the US Equity Complex has Factual Reality been this distorted.
It will end with the Equities Markets down 50% - 90% IMHO.
_________________________________________________________________________
During Powell's Friday discussion, his admission "Inflation is not Transitory, but here to
stay longer than the Federal Reserve had Initially indicated..."
Any Human purchasing Food & Energy was far ahead of this malaise from Chair Powell.
Inflation Fears will need to be calmed for there not to be a Panic event, we indicated
it would be Supply Shortages devolving into a 30%+ Price increase.
Historically - this is the trigger of prior Inflations throughout History.
_________________________________________________________________________
The Hourly indicated it is time to pay attention to a return to Fill at least one of the
GAPs below and backtest the lower trendline, the overthrow appears to be short-term
exhaustion.
This would provide the NQ with room for a retest of the recent highs @ 15483, well short
of our Price Objectives Between 15513/17.
the Trend Line and FIB Extensions to near perfection.
Beyond the 1Hr, which is a better TF to illustrate the Price
action - The Daily continues to remain in Strength within the
trend.
The Trade Plan has a break of the 1.7650 Highs as the Catalyst
for the test of the Equity Complex 200SMAs.
Given the Complexity of this Counter-Trend, Equites could continue
to rise as Yields Rise for the Short Term.
_________________________________________________________________________
The current Environment is dis-similar to 2016 when Yields and Equities
were rising. Traders cite this as a non-conditional similarity and are
using it to Echo.
It is entirely dis-similar and not a confirmation by any metric.
The Markets in 2016 were fueled by a Tax Cut, a Give-away for the very
Wealthy and Corporations.
Since March of 2020, Price action has been fueled entirely by the "V" Shaped
Recovery narrative - Supported by $10s of Trillions in DEBT - Daylight and Shadow.
The Meme's for Buying are far and wide - Fundamentally, they are almost always,
without exception - Incorrect - Fundamentals do matter, Debt matters, Solvency
matters... This abject degeneracy will meet its maker in 2022 as 5/5 concludes.
Never in the History of the US Equity Complex has Factual Reality been this distorted.
It will end with the Equities Markets down 50% - 90% IMHO.
_________________________________________________________________________
During Powell's Friday discussion, his admission "Inflation is not Transitory, but here to
stay longer than the Federal Reserve had Initially indicated..."
Any Human purchasing Food & Energy was far ahead of this malaise from Chair Powell.
Inflation Fears will need to be calmed for there not to be a Panic event, we indicated
it would be Supply Shortages devolving into a 30%+ Price increase.
Historically - this is the trigger of prior Inflations throughout History.
_________________________________________________________________________
The Hourly indicated it is time to pay attention to a return to Fill at least one of the
GAPs below and backtest the lower trendline, the overthrow appears to be short-term
exhaustion.
This would provide the NQ with room for a retest of the recent highs @ 15483, well short
of our Price Objectives Between 15513/17.