the daily chart of this market shows that it will experience a downtrend in the next few days but it is better to be careful of the change from the direction of the market to the opposite direction
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people saying “oh leafy come back” i would love to see leafy come back and try to exist in the landscape today. the content that he was making would never fly on youtube today and you have to adapt and overcome the fact that like you, cant even curse bro
i would love to see interest rates stay at 0% in today's climate.
Twice since 2000 the eurodollar future as pumped to near 100 and at both times the midpoint consolidation marked a bull trap within the S&P. Our current set of circumstances is unique as a third touch at resistance puts the eurodollar future above 100, which signals negative interest rates in the real world and outside the control of the Federal Reserve. How the...
THE EURODOLLAR FUTURES CONTRACT REFLECTS THE L.I.B.O.R. INTEREST RATE (A BENCHMARK FOR THE INTEREST RATE AT WHICH MAJOR BANKS LEND TO EACH OTHER)!
WHEN THE PRICE OF THE CONTRACT INCREASES, THE L.I.B.O.R. INTEREST RATE IS DECREASING, WHEN THE PRICE FALLS, IT IS INCREASING!
THE PERIOD I HAVE HIGHLIGHTED IN THIS POST IS THE PERIOD OF DOLLAR ILLIQUIDITY THAT OCCURRED...
This chart illustrates the increasing importance of cheap money, which is being driven by buybacks. Once interest rates get to a certain point (via Eurodollar futures ) the S&P 500 falls apart. The point at which it falls apart seems to be dependent on a certain downward-sloping level. Historically, interest rates prairie dog above the meme line for a bit but...
Before I go off to wage slave I have time for a quick post on the eurodollar, which as I said would happen, is going absolutely insane, if you know the implications. The volume today, with just about six hours to go is the highest volume all time on the eurodollar. The FED did an emergency rate cut and that is only marching the equities market on a quicker road...
If Eurodollars break to upside, which is indicative of the fed about to drop rates. This is a much safer play than shorting the market as the risk is much lower. You can go long eurodollar futures or futures options (I like the call options) using tastyworks which has some of the lowest fees.
my referral link if interested:...
Perfect Breakout of the futures on EuroDollar, derivative contract on the interest rate paid on such deposits.
Also in this case there is an excellent potential on the Risk Reward and also the Winrate on the bonds that we follow often have a high percentage of realization.
A "Eurodollar future" is a cash-settled futures contract whose price moves in...
I note that major events in Eurodollar futures coincide with major breakouts in Gold.
If the Fed cuts tomorrow, and they continue to express further dovishness, and the market deems it sufficiently dovish, this chart should find support at the 50ma, and by correlation could result in another big leg up in Gold.
Oil testing bottom of channel - buy
SPY testing top of channel - sell
DXY pushing breakout higher - buy
Yuan taking a break - neutral
10 Year Notes - buy
BTC - neutral (wait for close above the high of 9 bar)
Gold - almost ready to take a break, not quite done yet.
Eurodollar - buy
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