| To: northam who wrote (40008) | 5/23/2024 7:41:25 PM | | From: northam | | | | SPX Cycles Long Range Projection Chart. Today the SPX put in a new ATH at 5341.88. The Weekly, Monthly, Quarterly & Yearly cycles all put in new cycle highs at 5341.88. Looks like we could be getting the overdue 60 min Bear Cycles (60-1, 60-E-1 (UPRO Buy Signal) & 60-SC-1 (UPRO Buy Signal)) confirmed tomorrow & next week. The 60-E-1 could get confirmed tomorrow at the close of the 3rd hour, projected low 5182.54, and the 60-SC-1 could get confirmed Tuesday at the close of the 4th hour, projected low 5114.38. Also a new Daily Bear Cycle (D-S-1) is possible tomorrow at the close projected low 5205.24, which could lead to getting the extreme overdue D-1 confirmed at the close on Wednesday with a projected low of 5184.54.
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| From: humble1 | 5/24/2024 1:31:54 AM | | | | | | Yesterday and H1 cycles:
5/23/24 looks most likely to have been a washout day before a Summer Rally into Calendar Day 9/2/24. It was a Full Moon + Venus conjunct Jupiter in Taurus, The Bull. An important AstroDay plus a MoonDay has a long history of being a High Energy Day when it fits into a larger pattern.
It engulfed six SPX trading days and stopped right at support on the R2K. Perfect! A mini bear market in one day.
Message 34252966 |
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| To: humble1 who wrote (40020) | 5/28/2024 9:44:13 AM | | From: Lou Weed | | | | Just checked the economic calendar for the rest of the week and there's multiple Fed speakers EVERY day. Literally exhausting. I see this Kashkari dude is speaking again in 10 minutes. FFS.
Put him in a Dr Evil uniform and give him a white fluffy cat and get it over with....LOL! |
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| From: humble1 | 5/29/2024 2:20:00 AM | | | | | | We are still dealing with the aftershocks of the Venus conjunct Jupiter in Taurus which coincided with the 5/23 Full Moon. A classic High Energy Day:
Message 34252966
The Trump Trial is probably a distraction but should be over soon with a conviction and a yawner probation. I doubt they will put him in jail. But: Who Knows! |
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| From: humble1 | 5/29/2024 8:19:34 AM | | | | | | Max Beige Book/PCEI anxiety after Crazy Eyes Kashkari’s rate hawk rant:
The release of the Fed's Beige Book later Wednesday could shed more light ahead of Friday's reading on PCE, the central bank's preferred inflation gauge.
Yields climbed higher Tuesday after a Treasury Department auction of 5-year notes worth $70 billion saw low demand. The bid-to-cover ratio, which is a closely watched demand gauge, came in at 2.3, below the 10-auction average of 2.45.
Investors also considered how the economy is faring and awaited fresh economic data due throughout the week which could inform Federal Reserve policymaking.
That includes the personal consumption expenditures price index on Friday, which is the Fed’s favored inflation gauge. Several Fed officials are also due to give remarks this week, which investors will be scanning for fresh hints about the path ahead for interest rates.
Minneapolis Fed President Neel Kashkari in Tuesday told CNBC that he was looking for “many more months of positive inflation data” before being comfortable with cutting rates.
Fed officials have in recent weeks widely indicated that patience is needed when it comes to rate cuts, and that they are looking for economic data to show inflation is sustainably returning to the central bank’s 2% target before moving to ease policy. |
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