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Posted 11 February 2022 - 02:24 PM
TNX turned sharply down today, down almost 100 BPs. It just turned its tail indicating a top here, likely inflation as well. So, NAZ should reverse higher anytime soon ....................
It looks bond traders are better informed ...........................
Edited by redfoliage2, 11 February 2022 - 02:24 PM.
Member
Posted 11 February 2022 - 03:06 PM
Now I'd expect a huge gap up Monday .........................
Member
Posted 11 February 2022 - 03:18 PM
Barring a massive Friday comeback...looking like TQQQ going out below short term support deep in the crash window...
Until that pivot is recovered by bulls, still real possibility this could let go next week....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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Posted 11 February 2022 - 03:25 PM
Sure looks a lot like 200 day MA failure on Trannies (and Dow and SP)...NDX did not even make it back above
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 11 February 2022 - 03:26 PM
On disinformation today and you will find no war there Monday. Then the market should rally 100 SPX points. Even though a war takes place there U.S. market is likely to rally anyway .........................
Edited by redfoliage2, 11 February 2022 - 03:33 PM.
