UPDATE January 30
The month is ending, but is the bull run?
This week is big. lots of data, some huge earnings, and Papa Powell speaks tomorrow. Today, we get jobs data a half hour after open. After close, we get Google, Microsoft, and AMD reporting. Tomorrow, we get the FEDs rate decision and Powells press conference. Friday, we get the big employment data. I still think we have upside. I think a drop is coming (~10%). But I'm keeping the possibility of the market squeezing until March/April. If Powell remains dovish and opens the possibility of cuts in March, the market could continue to rally. However goods prices are rising. Therefore, I expect Powell to "remain data dependent and vigilant," delivering a big poo poo 💩 to the markets. Until then I'm expecting to push up.
FUTURES
I have 18000 as a target as long as 17500 holds. Below 17500 and look for 17000.
Looking to reach near 5000. Below 4890 and watch for more downside.
I'm looking for near 40,000 as long as it holds 38,280
needs to hold 1990, preferably 1995.
looking for a move near 82. it is at resistance now and could easily stay and move lower.
gap fill up!?
looking for a test of the previous highs.
if silver can hold above 23.75, a move towards 27 is likely.
I would like to fill that gap sooner rather than later.
$Micro 10-Year Yield Futures(FEB4) (10Ymain.US)$
Bearish on the 30-minute. I'm looking for 425 to hold. I'm expecting upside to 432-435 if jobs come out good 30 minutes after open.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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71280062 : Hi！Have bond yields reached the bottom yet? Thx！
iamiamOP 71280062: I don't think so, close. maybe we get to 3.51
71280062 iamiamOP: wow, thx
daydayup : It’s been a long time since last updated. I’d like to know what you think about ES and NQ now?
iamiamOP daydayup: topping. I still think 432-435. we could've peaked. I don't think so. but if we did, we would not break 430. I think we top today or early tomorrow, and then I believe a pullback of about 10%
humorous Squirrel_48 iamiamOP: Is the 10% pullback a QQQ? What about spies?
iamiamOP humorous Squirrel_48: the same l, 10% as a generality
daydayup iamiamOP: Thanks!!! but after today, do you still believe that we will reach 432?
iamiamOP daydayup: yes, i especially think that now. today looks like a falling wedge. remember we are peaking and ending a wave. those never go smoothly. the wave preparing for a top sucks in all the money it can both ways before making a quick move and failure.
iamiamOP daydayup: I -THINK- we run the next 2 days and fail Friday??? there are new job numbers on Thursday, and CPI is Friday.