ES - Cycle Weekly Count and Intermiediate Weekly Count

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Before getting all giddy over this Counter-Trend - the Intermediate
Cycles for this Junk are far lower, dramatically so.

The Clowns calling bottoms and New All-Time Highs need a nailgun
to the head.

~90 Weeks further Weeks of the Larger downtrend are ahead.

Think about that for a moment, this is far more possible and
probable than most ever consider.

Will we have sharp Counter-Trends, of course, we will.

The Die is cast.

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Fortunately, we can profit from others f_ckups. We do and thank them
for taking the opposing trade, without them, we'd have nothing.

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We completed Week 26 Friday, a Week of violent swings in both Range
and Velocity at specific times.

The FED won't report an updated Balance Sheet until Wednesday.

It's clear they are not draining at all, but suppressing the 10 Year Note
yield with UST Purchases.

Don't take my word for it, get off your ass and look for yourself, it's in
black and white.

Very much in your face... We saw the results of the 551B May 25th
drain... Indicies were completely wrecked.

Thereafter, Jerry and the Gang of Lying Muppets at the FED reversed
course only after it became very clear the real Crash was beginning.

Counter-Parties were "F_ck it, we are out~!"

The 10 was going to cross 3.50, that could not be permitted just yet.

A Full out assault on Comoddities was employed by the usual Jinky
Carnies of Doom. The Media quickly began touting 3200 for the Spyder
Web.

Ya knew it was gonna turn when JPM Passed off all it JUN 17 SPY Puts.
The volumes suddenly were snagged up by who else... Retail. They
exceeded the 14 Week hold on those 2 option strikes in one day.

Bravo dippers, you were eff'd again.

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Now we wait for the next turn, it's coming...

Patience.






Commento
85,6 Week countdown begins this week.
Chart PatternsESHarmonic PatternsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis

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