Uncle Russ has broken out of the smaller range and 2,900 to 2,920 is now the support that decides the next move. Inside: SPX still running upper range to lower with bear pulse bars, Bitcoin going nowhere with no conviction, a Popper day of a 1DTE, a premarket continuation and one 3rd BO loss, and the biggest Wall of Wins in a fortnight.
...Six billion dollars of official demand landed on the long end and yields rose through it. The thirty-year declined to confirm. We work out which instrument was actually doing the pricing.
...The bear moves continued off the inside bar break as called, though the whole thing is happening in a range so tight the Dow is leading the charge lower with 0.11%. Inside: why SPX and RUT still have nothing new to report, a premarket futures trigger that transformed fast, what 415 locked looks like against the 915 and 1,420 that got away, and a full Wall of Wins.
...Back from the long weekend to inside bars almost everywhere and a VIX that jumped nearly 9% for about 30 points of ES. Inside: what more than a nibble past the lows means for which way these bars actually break, where Friday’s peak sits on the SPX swings, and an honest word about confirmation bias.
...Annoying markets, a strong bearish stance and a tape determined to test it, with NFP due in 90 minutes and a forecast range wide enough to spin prices around and around. Inside: why the jobs reaction is inverted this cycle, the only chart currently behaving itself, and a payroll revision habit worth knowing about before the print.
...Crash cancelled again, and the grind continues into Friday’s NFP with the daily averages at levels that make the whole thing a frustrating experience to live through. Inside: a tight narrow range on the SPX 10 min with ADD at a bullish extreme, what the Almanac says about how midterm Septembers actually end, and a Wall of Wins that filled up anyway.
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