UPDATE December 19
Still climbing, but will it continue? 🧗♀️
Bearish divergences continue. We are 6 days over the upper bollinger band, 5 days above is rare, and 6 is extremely rare. This run also has not had a 23% correction. That's the largest move in history without a correction. That's how rare this 8-week bullish move is.
It's still squeezing. The holiday low volume makes price easy to manipulate. Bearish divergences continue for day 8 😂 Divergences are warnings, not signals. This has been sending warnings for days. But this is what squeezes do. this will squeeze until it's squoze 🤣 The upper expected move for today is just under 410, and the lower move is just over 405.
Still squeezing. 38,230 as my high today.
$Micro 10-Year Yield Futures(DEC3) (10Ymain.US)$
trying to find a bottom.
looking for a near-term hullish run.
Winter is coming ❄️ especially to the East Coast and China
Bullish on the daily, bearish near term.
It was a down day yesterday. Near all time highs, and just lost a lawsuit and now must recall and stop selling watches ⌚️ what a great time to buy 🙄 It wants to go up. Trading is ok. but i wouldn't own this here for anything.
Let's take another look at STEEL 🏗
The X buyout deal set off a run on steel.
That's what a 55 dollar buyout will do.
🇧🇷
The "best" for upside. There are no gaps below, but it is still trying to stay above the 200 MA.
🇰🇷
This has a large trading range. I expect it to fill the 62 dollar gap, I also expect it to reach 125. I expect 62 first, but 🤷
🇲🇽
in a consolidation range
Everything looks like it wants to continue to go up. This entire structure was built too fast, being driven mostly by people who don't want to own the stock (short coverings and options day traders). That makes me think this will come down very quickly when it's done.
✨️🌠✨️
Something interesting is coming up on Thursday. The winter solstice. This coincides with a night comet. 🌙 (for my time zone 😉). The July peak was the summer solstice.
Do we see symmetry with a winter solstice decline? I'm a believer in universal alignment (that's why I follow wave patterns). The alignment of a comet and the winter solstice makes me think the end of this run might be Wednesday or Thursday, followed by a selldown on Thursday or Friday. We then go into Christmas weekend and break on Monday. Tuesday is a full moon. That's what I'm looking to see if it plays out. We could get a blast up today for one final really bull day.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Mike Obama : bro this pump is like a Highlander movie. markets are sick
Soso investor Mike Obama: Detonate the bulls
cheerfulknight : Hi iamiam, with rates coming down, what commodities besides gold and silver, are u looking at
SpyderCall Mike Obama: How's it going, Iam? Did Koeda say anything that I need to know about the yen that I need to know about? Yen has been making interesting moves as of late.
iamiamOP cheerfulknight: small and mid cap oil and steel.
iamiamOP SpyderCall: they held. Japan is trying to expand business wise. Countries want to own businesses in the US as a hedge against their local businesses and they are overpaying to outbid us companies (Saudi has been doing this for years but has really picked up, LIV golf for example. They are doing this with land also). Fiat currencies around the world have hit massive debt levels. There is not enough cash in the world to allow the flow of trade at previous levels. Most if not all of the cash is being used to pay debt and not do new business. This is the result of a rate shift. We have to see how this plays out and how countries choose to pay their bills and continue business. It's a giant staring contest, and no one wants to blink first, or in other words, no country wants to be the one blamed for setting off a giant world economic crash. They will all hold the "we can land this" narrative to not start the panic.
SpyderCall iamiamOP: Thanks. Good insight there.