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FED Tilts, BULLS exhale, ST BOTTOM in place - how high?


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#11 K Wave

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Posted 23 October 2022 - 05:12 PM

If they can get this pop on the reopen on bonds to stick until morning, may get that washout Morning Star on TLT (and corresponding Evening Star on TBT).

 

Put on fairly large long position in bonds when TLT held the 92.50 3 drive bottom on the retest on Friday, but decided to not hold over the weekend, and took the money and ran...just in case.

 

Got back in immediately when it did not gap down tonight.

 

IF the pop does not stick, then back to the sidelines for now.


Edited by K Wave, 23 October 2022 - 05:13 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#12 dTraderB

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Posted 23 October 2022 - 05:14 PM

This one is VERY bullish:

 

 
This is the biggest spread between up and down (29) since exactly a year ago when the spread was 31. We rallied 10% from there. Into the high in early November.
Saturday Poll. The next 100 points for the S&P?
  •  
    UP
    64.9%
  •  
    DOWN
    35.1%
4,926 votes·Final results
 
 


#13 K Wave

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Posted 23 October 2022 - 05:20 PM

I still have potential outstanding targets of 160 on USD JPY, and 5% on 2 yr rate.

 

But if USD JPY breaches 145, then those likely go in the dust bin.

 

That Daily Candle on Friday on USD JPY looks pretty toppy, but can still see possibility of one last ramp if USDJPY gets back above 150 fairly quickly.

 

BTC looks like it might be just about done to downside...A slew of downthrusts, but bulls could not break it.

Above 19.6K again, and bulls may finally get their footing here.


Edited by K Wave, 23 October 2022 - 05:29 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#14 K Wave

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Posted 23 October 2022 - 05:24 PM

And of course, still all about 1700 on Rusty after the spectacular Goal Line Stand by the Bulls on Friday.

 

Should that for some reason get breached...All In on the short side.

In the mean time, see if Rusty can get through 1800 area or not.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#15 K Wave

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Posted 23 October 2022 - 05:29 PM

So many things set HUGE pivots late last week.

 

IF/When those get broken. Sell like there is no tomorrow.

 

But as long as they hold, can still see one last ramp for a lot of those Super Bubble Last Cars.

And who knows, maybe those Super Bubbles can blow even bigger.

Monthly charts suggesting not at this point, but I always have an open mind to "impossibilities".


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#16 K Wave

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Posted 23 October 2022 - 05:32 PM

BTC attempting to take the swing high at 19.6K area...see how it goes here...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#17 K Wave

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Posted 23 October 2022 - 06:06 PM

Here comes first test area for USD JPY

 

jpy.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#18 K Wave

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Posted 23 October 2022 - 06:42 PM

And KA-FREAKIN' BOOM

 

jpy.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#19 K Wave

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Posted 23 October 2022 - 06:42 PM

Still not under 145 yet...but that was pretty brutal


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#20 dTraderB

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Posted 23 October 2022 - 06:45 PM

Fast profit as BOJ intervenes again! 

 

Active NQ market 

 

BIG profits in SHORT USD/YEN trades Friday

Back up to 148, will start new SHORT