Assuming $30T of loans is spread over three years, EU banks have a requirement for $800B / Month of rollover financing for wholesale lending outstanding.
Where is this money going to come from? No one is waiting around to find out as there will be cascading counterparty failures soon surfacing. Banking money in Europe is fleeing to custodial and official accounts of the ECB, the US Federal Reserve and any other central Bank willing to accept their cash.
Yes, this is what's driving our markets higher as well. It's called "lesser of 2 evils." If the market plummets now, I may be in Chamonix earlier than I thought.
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3 push down, volume surge, I think we might see a rebound of some kind here. Let's see.
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bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
The attachment minute_chart.png is no longer available
I like the way you toy with CCI, one of my favorite indicator beside MACD and RSI.
256 & Rsi 14 what need to be tweek for intraday
I use CCI for daily only,over lay them 21/144, when I saw your number 128/256 I thought you must be one of them Semi conductor engineers they love binary, I on the other hand, Fib sequence lover.
BTY -- ran across this just for you. Very professional avitar for very smart trader with keen sence of smell Not that your current avitar is ugly or anything... just that it fit your screen name and something nice to look at.... maybe if fit the keen sence of smell, even though I personal could do without the horns all you need to do is save and repaste
avitar_for_bull-bear.jpg (21.44 KiB) Viewed 3878 times
still see volume surge, so still expect a rebound but again, rarely this down leg is just one legged, so no long here.
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bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
minute_chart.png
I like the way you toy with CCI, one of my favorite indicator beside MACD and RSI.
256 & Rsi 14 what need to be tweek for intraday
I use CCI for daily only,over lay them 21/144, when I saw your number 128/256 I thought you must be one of them Semi conductor engineers they love binary, I on the other hand, Fib sequence lover.
BTY -- ran across this just for you. Very professional avitar for very smart trader with keen sence of smell Not that your current avitar is ugly or anything... just that it fit your screen name and something nice to look at.... maybe if fit the keen sence of smell, even though I personal could do without the horns all you need to do is save and repaste
avitar_for_bull-bear.jpg
Nice, I will try it may need cropping to fit better, Thnx.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Looks like we may be testing 1220 in the in the next day or two or three. /ES holding nicely below the 987 ema lol! Looks like exhaustion unfortunately.
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bear flag.jpg (20.65 KiB) Viewed 3803 times
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
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bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
minute_chart.png
“bullybear”: when you say…”can't post my charts because they propritary”, do you mean that you engineered your strategies and you don’t want to show them to other people, or that you bought them from someone else and he won’t let you publish them?
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Just curious…
waverider wrote:
Looks like we may be testing 1220 in the in the next day or two or three. /ES holding nicely below the 987 ema lol! Looks like exhaustion unfortunately.