josephli wrote:Again, I think it will be a very wild ride for everyone. The short squeeze on euro is very OB in short term. If equities drop further from here then it is possible extreme OS and setting up a squeeze.
Tomorrow is monthly Jobs Report.We are in the midst of the most manipulated, er I mean seasonally adjusted numbers.When has this number not been a catalyst for a squeeze up. Afterall the Fed says all is well. Anyways the buyback artillery will be used to stop this dip at some point. Usually, it seems, just as it is about to get truly ugly.
100% mm target exceeded, so this bear may still have legs. may see rebound here first though.
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josephli wrote:Again, I think it will be a very wild ride for everyone. The short squeeze on euro is very OB in short term. If equities drop further from here then it is possible extreme OS and setting up a squeeze.
Tomorrow is monthly Jobs Report.We are in the midst of the most manipulated, er I mean seasonally adjusted numbers.When has this number not been a catalyst for a squeeze up. Afterall the Fed says all is well. Anyways the buyback artillery will be used to stop this dip at some point. Usually, it seems, just as it is about to get truly ugly.
It will definitely be very wild coming week. I see a scenario of squeeze and crash possibility. The big rout today on forex and treasuries would probably continue into next week.
fehro wrote:INDEX days… wholly TLT! …oil trying to hammer the weekly candle…
Man, almost 100% full retracement of yesterday's CL daily bear candle. Very surprised this bad boy isn't at 38.00 target already.
Weekly candles is just a shakefest consolidation range 43 vs 40 range past 3 weeks