Mauro Giuseppe Tondo / Profil

Reserve Balances at the #fed fell below $3 trillion for the first time since November 2020, probably why $spx at November 2020 levels

$SPX $SPY Here we have consolidated for last 5 days in a 120 points range. I expect tomorrow we breakout from here.

For Bulls - If the pce number comes lower than expected, we can very well see 3800.

$SPX Yesterday we hit the 23% fib and got rejected--I would love to be over with this wave but I believe it won't be this easy--I see similarities with W-2 so some more chop wouldn't surprise me--The overall direction remains down so I won't try to play the bounce

US Jobless Claims -16K To 193K In Sep-24 Wk; Survey 215K

US Sep-17 Week Continuing Claims -29K to 1,347,000

GDP Q2 3rd estimate -0.6%, Exp. -0.6%

FED'S MESTER: SO FAR IN THE U.S. WE HAVE NOT SEEN THE KIND OF MARKET DYSFUNCTION SEEN ELSEWHERE

GERMAN FINANCE MINISTER LINDNER: WE ARE IN AN ENERGY WAR

GERMAN FINANCE MINISTER LINDNER: WE WILL MOBILISE OUR ECONOMIC STRENGTH WHEN NECESSARY, LIKE NOW

FED'S MESTER: I DO HAVE INFLATION COMING DOWN IN MY PROJECTIONS BUT WE NEED A HIGHER FED FUNDS RATE TO GET THAT

How bad is this year so far? The combination of equity and bond carnage make it the worst ever so far.
Performance pressure is immense.

FINLAND FOREIGN MINISTER: RUSSIAN TOURISM ENDANGERS FINLAND’S INTERNATIONAL RELATIONS

Beitrag AMD veröffentlicht

Beitrag MSFT veröffentlicht

Today's rally in stocks was the beginning of a much needed relief rally.

We should see this relief rally continue just enough to trap the next wave of bulls.

From there, we open for the next leg lower and a fresh low in stocks.

This market won't bottom until more fear hits.

Beitrag spx veröffentlicht

That expected rebound rally is clearly ON now, and if it gets above 3720 then it can go to 3800+ very fast. But what next? How many traders are waiting for such a rally to raise more cash? $SPY

$SPX break above 3681 so no r:r for shorts--I am considering the possibility of W-3 being completed with us having a very shallow W-5 of (3)--Like I said I will not try to long this W-4 so I'll be watching only as this wave tends to burn both sides

$AAPL down 4% and $SPY trying to shrug it off lol

$SPY Tested 359/360 in premarket , new support
Trying hard to base at this level, $VIX 33 key today, if that level breaks down that will help market, 365/360 range zone. VIX resistance 35

Bulls fighting the Fed.
The Fed fighting the bond market.

The bond market is and shall always be king.

Yesterday, target was 3645 & after very rare 6 red days in a row for #ES_F, this has a become major battleground/trap lvl, basing here 20hrs, trying to break down *5x*. Bears dropped ball

Plan today: Bulls need >3655-60 to start rally to 3680, 3700, 3755. 3635 fails, we see 3575