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Interest Rates Poised For A Different Surprise

⚾PRE GAME WARMUP

Happy Friday...

Bounce back situation overnight. We've seen this before, will it stick?

Since we use numbers rather than nonsense, let's get into them. [Login Here] will be our early pivot zone today. Above and she can continue a rescue operation for another leg higher toward the likes of 416.25 give or take...

If there's a big time bull case today and they got above, there's some unfinished business around 417.60...

The flip side situation below the pivot zone is the bear case down to [Login Here] or lower. The or lower stuff will be handled as and if needed in a real time situation...

Every bounce is one within a downtrend until they “break the chain…”

🎬THINK IN PICTURES

The 10 Treasury Yield is worth watching, check this out…

Below is a monthly chart that shows a classic bullish wedgish pull back pattern from October 2022 highs, then an on time situation down to April 2023. From that bottom a move up into another on time situation of equal time right into an important number. Watch the monthly close next week where above or below the number will be telling for the extra bull case or the end of a big time run with a pull back on deck - on time with symmetry.

🌗RECYCLE TIN FOIL HAT

Don’t forget about the partial lunar eclipse on Saturday. Markets have a tendency to trade up or down into these events and then shift…

It’s an awareness not a direct trading plan.

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💣RECKONOMICS

A perfect example of how the economy is not the market and the market drives the economic conversation.

GDP was a blowout number and markets gave the impression they liked it and would rally. However, it was just another head fake to suck the bulls into a trap right before the rug pull event.

You have to ask, why would the market go higher based on a number from last quarter? Does the market look back or forward for its ques?

🩺PSYCH WARD

Whenever markets go down the people on Tout TV like to use two things to explain what they can’t explain.

First, when all the fundamental nonsense they spew each day doesn’t work, they resort to bringing on some technical analysts to tell us where the S&P, DOW or Nasdaq is headed. Ever wonder why they only bring these folks on during a “down tape?”

Next, they hang their hat on “uncertainty.” What does that even mean anyway? Markets hate uncertainty, they say. Well, can anyone tell us when the markets or anything else is certain?

Are they saying in a bull market, they’re certain it’s going to keep going up. They’re certain that some of the high flying stocks with bloated numbers will keep going higher? When the market was rising into the beginning of the summer, weren’t they certain new highs were coming? They told us as much…

The more uncertainty you hear about, the closer we’ll get to a tradable bottom, it’s just not there yet…

🏆MEMBERS SAYIN’

I took 2 trades this morning, made $3,200 in profits and can’t thank you enough.  Jim B.

Thanks for hammering every day on how important patience and waiting for what we want is. It works and you were right. Mary G.

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DISCLAIMER STUFF: Nothing found in this communication is financial advice. This newsletter is strictly educational and not intended for or should be thought of as investment advice or a solicitation to buy or sell any assets or to make any financial decisions whatsoever. Please be careful and always do your own homework.