UPDATE Jan 10
This again will be a shorter post, I wanted to make a longer one but fell asleep. The market pulled a fast one overnight.
Freaking market 🤨 NQ ran up to 16900 overnight, and QQQ hit 407. Those were my targets. We could get to 17000 and 410. But I expect downside soon. If it had hit 407 during regular market hours, the payout was too great. Today should be tricky, let's go...
Yesterday went as planned until we ran into a caveat, rates went above 4.01. and held! Those dirty, sly Vigilantes 😏. I still think they relent. There have been bond auctions every day this week, and so far, they have gone OK to good. 🙌 Buyers are willing to buy our debt because of
Oh, what timing! it's like it was almost planned. 🤣
But now reality
It's STILL a giant spending bill. 1.6 trillion, and they're squabbling of billions. Put a drop in the bucket and kick the can! Worthless. They can not and will not help you. they are corrupt or incapable. Help yourself. Help yourself to all you can (while being courteous everywhere, but the market🏴☠️). My guess is there will be no budget deal. Someone will stand up, plant their flag on a principle, and say "NO"
Let's check on futures
The upper limit/target is still ~17000, and the eventual low target is 16000.
The dow and Russell are similar, and S&P and NQ and Bitcoin are similar.
The 3 drives is a common theme. it generally leads to a drop.
Will it hold the breakout?
Uptrend
waiting for the price to pick a side of the mid bollinger (above = breakout. below = breakdown)
Slight uptrend
No trend, wait for it to break that line
if a business did what the SEC just did, they would be under investigation by the SEC. What does that tell you about government.
we WILL close those gaps, meaning a rally, but there is no guarantee when we close them. Vix looks like it wants to move near 14 today.
$Micro 10-Year Yield Futures(JAN4) (10Ymain.US)$
i started with the 30 min but didn't get a clear trend, so i zoomed out to the 2 hr chart. The long trend is up. We are in a transition or bounce phase.
The futures are mixed, i expect a choppy day.
The upper expected move is 409.70 (410)
the lower expected move today is 402.70 (I think it could go lower, but watch out, today could be tricky)
I would not rule out another surge to 410, but that may happen tomorrow. it looks like it's trending down but has not broken the 5 MA yet. That is around 405, a little lower right now. if price starts trading below that beware. if we hold it, we could continue to push up and continue to squeeze again.
Outside of the indicies Uranium looks like it wants to move.
had a monster day yesterday, I posted before it ran.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
that's Jesus, with a whip, he made, and he's whipping the moneychangers (bankers). Even God hated banks and bankers. Debt robs your soul by binding your body and mind. Free yourself.
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icezzz : Thanks for always update
humorous Squirrel_48 :
iamiamOP humorous Squirrel_48: as long as its above 405
humorous Squirrel_48 iamiamOP: Can I take a look at IWM? Why has it been weak for two days
iamiamOP humorous Squirrel_48: because no one wants small energy or small banks or unprofitable pharma.
SpyderCall : Hey iamiami, do you follow the bond market? I wanted to ask you about the TIPS auction that just happened. Why did the yields drop so much? Gold Had a little spike following the data release. Is there anything to this? Are bond traders worried about inflation? Or is this normal for a maturity of 10 years on a TIP bond. I made a couple post about it. I will send you the links. Let me know if I am reading this data incorrectly. Thanks
SpyderCall : SpyderCall :Why did gold just make this weird spike up? Was it the TIPS auction, or am I missing som...
Why did gold just make this weird spike up? Was it the TIPS auction, or am I missing something?
SpyderCall : SpyderCall :Big Demand in the 10-Year TIPS Auction! What Does This Mean for Inflation?
https://www.moomoo.com/community/feed/111778539503621?global_content=%7B%22invite%22%3A%2270107943%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111778539503621%22%7D&data_ticket=503374bcb16985dbcf5d859821fc6dab&futusource=nnq_personal_host
iamiamOP SpyderCall: yes, they are worried about inflation. TIPS weren't offered for a while, so they are piling back in. when they were not offered, inflation was supposedly falling.
iamiamOP SpyderCall: gold could be related to the tips, gold loves inflation. I saw it as just a move in the charts. the chart needed a move before more downside.
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