ES - Weekly Probability - Day 68 April 1st Lows Possible
The ES appears to be in need of the Final Capitulation for Lows.
A managed decline has been underway for some time since the beginning of the Year
after tests in September and November.
TNX / 10 Year Yields will assume the pivotal role now in how the ES concludes this correction. Were Yields to begin a sharp
rise after Wednesday, the correction would continue for several weeks into the Larger 68 Count, concluding on April 1st.
There is presently a wide range within the Safety Zone, 3609.375 - 3621.775 - below a clear break
of the 3588.25 Pivot at 3571.25. This would imply a Multi-year Bear Market has taken hold.
3837.25 - 3850.0 is the Hybrid Range the higher end of this extension trading between 3910.25 and 3994.0.
The War will continue its disturbance to Global Markets - Oil will as well as it attempts to achieve the 141.11s.
Bonds remain in Trend, severely weakened - The DX appears to be attempting a fill near 104 should the FOMC announce
50 Basis Points as we believe will be employed to falsely reign in inflation.
I do not see the Lows for Equities arriving until both Fiscal and Monetary Policy shift to a more aggressive stance - we had signs
of this Friday as the Senate voted on a Government Funding measure to provide DC its entitled Grift.
A managed decline has been underway for some time since the beginning of the Year
after tests in September and November.
TNX / 10 Year Yields will assume the pivotal role now in how the ES concludes this correction. Were Yields to begin a sharp
rise after Wednesday, the correction would continue for several weeks into the Larger 68 Count, concluding on April 1st.
There is presently a wide range within the Safety Zone, 3609.375 - 3621.775 - below a clear break
of the 3588.25 Pivot at 3571.25. This would imply a Multi-year Bear Market has taken hold.
3837.25 - 3850.0 is the Hybrid Range the higher end of this extension trading between 3910.25 and 3994.0.
The War will continue its disturbance to Global Markets - Oil will as well as it attempts to achieve the 141.11s.
Bonds remain in Trend, severely weakened - The DX appears to be attempting a fill near 104 should the FOMC announce
50 Basis Points as we believe will be employed to falsely reign in inflation.
I do not see the Lows for Equities arriving until both Fiscal and Monetary Policy shift to a more aggressive stance - we had signs
of this Friday as the Senate voted on a Government Funding measure to provide DC its entitled Grift.