Trading pleasure abounds as the FED's non-sense continues unabated.
A thrill ride out of Bear Market Territory for ES 3849.50, the NQ was the
laggard at 13414.
13392 the larger Pivot for the NQ Futures, a hidden one, but the DOM suits it
rather well.
"Exiting the Bear Market" is the new mantra, narrative, and fresh bullhorn
as we see "Inflation - Come Off" - Bloomberg 24/7 now.
A chortle of whores and pimps, typical and to be expected as the Summer Solstice
trade grinds on trapping goblins everywhere on the Tape.
Ignore the shortages of refined energy products, food, and the things we need
to conduct our lives.
No, lookie over here easily distracted, memory short degens.
____________________________________________________________________
The FED took off $14B week over week - at this rate, the FED is never going to hit
its "Target" @ $90Billion in QT beginning in September.
Uber Doves - Khardasian, WIlly, and Bob Evans chicken all decided to don push-up
bras and assure us they mean business... Bullard blew an Esmerelda, again.
Fed Fund Futures have more intray-week volatility than the VIXen.
_____________________________________________________________________
VX Complex - utterly sh_t mixed... but... and there is a very large butt.
Vol of Vol is showing signs the Big Lick is developing for a very large return of
Volatility.
Count on it, plan for it... here is why.
The next decline will have a Scope, Scale, and Velocity - unlike the January decline.
It will be extremely destructive in very short order for Price.
August 22nd to September 4th appears to be in line with expectations.
VX Calls carry a massive Prem... obvious expectations.
Yes, ahead of selections for Mid-Term grifters.
______________________________________________________________________
The FED is now indicating a "Panic Cycle" (of course it's not) it's simply when they
are now pandering to January as the "oops, we broke sh_t"
They made it very clear in the FSR that they wanted a 50% haircut... they be serious.
Central Bankers Globally are getting a Tate-sized Master Class of MLM from the EuroDollar
Primaries... the DX shortage will be extreme in the extreme.
______________________________________________________________________
When Brown Brothers Harriman is looking for a DX collapse... look the other way.
_______________________________________________________________________
EuroDollar has one more Chart Print to the Next Plunge.
Crash Landings... are not survivable.
Sellers of DEC 2022 and MAR 2023 on ES NQ MYM RTY.
Lots and Lots of spicy Poots to round out the Meme and FANG fade.
When Turbines SIEZE.
A thrill ride out of Bear Market Territory for ES 3849.50, the NQ was the
laggard at 13414.
13392 the larger Pivot for the NQ Futures, a hidden one, but the DOM suits it
rather well.
"Exiting the Bear Market" is the new mantra, narrative, and fresh bullhorn
as we see "Inflation - Come Off" - Bloomberg 24/7 now.
A chortle of whores and pimps, typical and to be expected as the Summer Solstice
trade grinds on trapping goblins everywhere on the Tape.
Ignore the shortages of refined energy products, food, and the things we need
to conduct our lives.
No, lookie over here easily distracted, memory short degens.
____________________________________________________________________
The FED took off $14B week over week - at this rate, the FED is never going to hit
its "Target" @ $90Billion in QT beginning in September.
Uber Doves - Khardasian, WIlly, and Bob Evans chicken all decided to don push-up
bras and assure us they mean business... Bullard blew an Esmerelda, again.
Fed Fund Futures have more intray-week volatility than the VIXen.
_____________________________________________________________________
VX Complex - utterly sh_t mixed... but... and there is a very large butt.
Vol of Vol is showing signs the Big Lick is developing for a very large return of
Volatility.
Count on it, plan for it... here is why.
The next decline will have a Scope, Scale, and Velocity - unlike the January decline.
It will be extremely destructive in very short order for Price.
August 22nd to September 4th appears to be in line with expectations.
VX Calls carry a massive Prem... obvious expectations.
Yes, ahead of selections for Mid-Term grifters.
______________________________________________________________________
The FED is now indicating a "Panic Cycle" (of course it's not) it's simply when they
are now pandering to January as the "oops, we broke sh_t"
They made it very clear in the FSR that they wanted a 50% haircut... they be serious.
Central Bankers Globally are getting a Tate-sized Master Class of MLM from the EuroDollar
Primaries... the DX shortage will be extreme in the extreme.
______________________________________________________________________
When Brown Brothers Harriman is looking for a DX collapse... look the other way.
_______________________________________________________________________
EuroDollar has one more Chart Print to the Next Plunge.
Crash Landings... are not survivable.
Sellers of DEC 2022 and MAR 2023 on ES NQ MYM RTY.
Lots and Lots of spicy Poots to round out the Meme and FANG fade.
When Turbines SIEZE.
Comment:
SPY 425 close opens 430
Comment:
We closed at the Highs of the week, providing a continuation pattern, Longer term 4600 turns the ES higher.
The extent of the run has the SPY ES SPX overbought.
Price may range to digest or simply continue to blow higher until the turn.
Ultimately 2 Up of 5/5/ Down is wrecking many bears who I warned to remain VERY Patient until this approaches the199 EMA.
Volumes are simply not there to extend and pretend.... Yet.
The extent of the run has the SPY ES SPX overbought.
Price may range to digest or simply continue to blow higher until the turn.
Ultimately 2 Up of 5/5/ Down is wrecking many bears who I warned to remain VERY Patient until this approaches the199 EMA.
Volumes are simply not there to extend and pretend.... Yet.