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Mini Panic into July 25?

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#11 slupert

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Posted 21 July 2022 - 05:18 PM

So far there is only 1 thing out there that is capable of that, the China mortgage boycitt is thw most under emphasized story out there now.Suppose 1bn. people started thinking for themselves and hit the streets like Taiwan. Another Tiennamen square? They got a little money and the taste of a better life now, bet it won't be long. (JMHO)



#12 blustar

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Posted 22 July 2022 - 08:28 AM

So far there is only 1 thing out there that is capable of that, the China mortgage boycitt is thw most under emphasized story out there now.Suppose 1bn. people started thinking for themselves and hit the streets like Taiwan. Another Tiennamen square? They got a little money and the taste of a better life now, bet it won't be long. (JMHO)

I don't know what will be the catalyst to pop the pin, it could be many things they blame it on....



#13 blustar

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Posted 22 July 2022 - 08:29 AM

Sent out this AM (07/22, 2022) to my Subs     BluStar Market Insights: Morning Coffee
 
Greetings From BluStar Market Insights & Christian Patriot Media:

 

Today the DJI Fx's (FUTURES from now on) is making a new high, however, not the SPX nor the NDX and especially not the NYSE.

 

As I said before, this has been is mainly a tech rally and it is running up against the proverbial wall today (exactly an 8+9 for the DJI, which rhymes with the June 28 top where the DJI mainly rallied and topped as a 'y' wave and the NDX failed as a 'b' wave (we must count the futures as waves, especially since they are the ones being manipulated).

 

Copper is up over 1%, Bitcoin is making a failing B wave, however, Ethereum is making a Y wave along with the DJI.

 

Something happened last year (July Fri 16 - Mon 19, 2021; 53 weeks ago) where the DJI made a new high, but the others did not.

 

Another thing of note, yesterday was the FIB 34 TD step out as one would call it (See All Star Market Timing). It is also called a Phi Mate, (per Robert Hughes).

 

Now as to Resistance Lines below us as follows (the return back under the upper channel in the mid 3890s'; the horizontal 3810 support (where (W) must go back to on Aug 11), 3755; 3705; and finally, horizontal support 3636 (Tuesday's expect rebound top). I'm thinking now we test 3890's easily today, but may indeed stop at 3810 SPX cash support later today.

 

We likely then gap down below 3755 or more likely 3705 for Monday's expected z of [z] of Z panic wave. This would then make this a triple irregular top on the yesterday or today on the SPX, depending if SPX makes a new high or not today (which would make it quadruple).

 

The DJI is up 120, the SPX is -1.2 and the NDX is -36. There is a potential gap fill at SPX 4018, but it may fail to deliver.

 

Trade safe and let's make some money!!

 

 

 

Trade Safe,

 

Brad Gudgeon

Editor,

BluStar Market Insights

 

 







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