Posted by DigiNomad on 8th of Aug 2024 at 01:32 pm
Healthy market we have here. I wonder how many retirees have had
heart attacks in the last couple of weeks...
Attempting to frontrun QE and further intervention. Traders
are not going to be fooled again this time....not after they shut
down the global economy and the market went straight up - we all
know the game now.
Japanese 10 year back down to .83% and US 10 year back above
4%. Over 3.1% spread. Carry trade is saved! Game on.
Who cares about Japan citizens - give us more!
Posted by DigiNomad on 8th of Aug 2024 at 02:04 pm
Thanks Rahem. I'm glad you see the humor. My 23 & me says
I'm like 98 point something % from Northern England (seems
impossible that someone didn't marry someone else along the way,
but that's what it says)- that would explain my dry approach to
humor. Hope to see you post more in the future.
Posted by DigiNomad on 8th of Aug 2024 at 01:55 pm
This is a critical zone. Push above and get a massive squeeze.
Don't put it past Yellen's team to make a timely announcement to
goose market into squeeze mode. It has happened pretty
consistently at technical turning points over the last year or so.
Next stop after this level is 5400. Massive supply
sitting there, but a big enough squeeze could get us right through
(e.g. if QE was announced instead of just being in the shadows)
Agreed. Nice insights, DigiNomad. With the move above the
78.6% retrace of yesterday Hi/Lo, high probability of 100%. Next
stop would be the 8/2 gap at 5364, then 5400 and the supply
zone you mentioned, coinciding with 8/1 gap 5446 / 50SMA @
5444.
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Healthy market we have here.
Posted by DigiNomad on 8th of Aug 2024 at 01:32 pm
Healthy market we have here. I wonder how many retirees have had heart attacks in the last couple of weeks...
Attempting to frontrun QE and further intervention. Traders are not going to be fooled again this time....not after they shut down the global economy and the market went straight up - we all know the game now.
Japanese 10 year back down to .83% and US 10 year back above 4%. Over 3.1% spread. Carry trade is saved! Game on. Who cares about Japan citizens - give us more!
DigiNomad, this is my first
Posted by rahemphill2 on 8th of Aug 2024 at 01:58 pm
DigiNomad, this is my first post, and I wanted to say thank you! Your insight is great and I appreciate your humor! Keep it up! Cheers!
Ditto
Posted by tradeit007 on 8th of Aug 2024 at 03:24 pm
Ditto
Thanks Rahem. I'm glad you
Posted by DigiNomad on 8th of Aug 2024 at 02:04 pm
Thanks Rahem. I'm glad you see the humor. My 23 & me says I'm like 98 point something % from Northern England (seems impossible that someone didn't marry someone else along the way, but that's what it says)- that would explain my dry approach to humor. Hope to see you post more in the future.
This is a critical zone.
Posted by DigiNomad on 8th of Aug 2024 at 01:55 pm
This is a critical zone. Push above and get a massive squeeze. Don't put it past Yellen's team to make a timely announcement to goose market into squeeze mode. It has happened pretty consistently at technical turning points over the last year or so. Next stop after this level is 5400. Massive supply sitting there, but a big enough squeeze could get us right through (e.g. if QE was announced instead of just being in the shadows)
Agreed. Nice insights, DigiNomad. With
Posted by te22 on 8th of Aug 2024 at 02:05 pm
Agreed. Nice insights, DigiNomad. With the move above the 78.6% retrace of yesterday Hi/Lo, high probability of 100%. Next stop would be the 8/2 gap at 5364, then 5400 and the supply zone you mentioned, coinciding with 8/1 gap 5446 / 50SMA @ 5444.