YM - Distribution Patterns creating Confusion and Delay
Unmistakable Distro Pattern.
Rotations are short lived.
FED Purchasing Arms have reversal Fills on for decline while ATH after ATH
is forced higher on decreasing Volumes.
We have 35,912 to 36,737 as potential Highs for YM - Probability is Neutral
for now, the overthrow would not hold and requires a quick and dirty move
higher.
The throw overs are common at levels, see December to February 2020.
Precisely the same pattern of Distribution.
Every throw over is a SELL imho.
Consumers are pulling back on Spending as Prices continue to elevate.
Supply chain reductions are assured as Global Production is in decline.
Confusion and Delay is ALL that is in trade until the Reversal begins.
Dumping your purse into Longs is an epic mistake.
Monthly breakaway Gap @ 28,200 will be filled into October/November,
prior to new ATHs.
The lows provide a fair probability of holding, only to reverse and move
quickly to new all time highs into 2022.
The FED will permit a fair amount of selling pressure to reduce the need
to taper, IF they were to actually taper Bond Purchases, it will not last
for more than a few months.
MBS provide a very telling statement of material FACT.
FED Purchasing 440B we know of in MBS isn't signs of a healthy Housing Market,
instead it suggests underneath the Headline Numbers, many of these products
are failing.
It is reminiscent of 2004.
Distribution began in JUNE of 2021... lots of Overpriced Zombie JUNK propped
up with share buybacks and Easy Cheesy Gamma Squeezy to unload.
Rotations are short lived.
FED Purchasing Arms have reversal Fills on for decline while ATH after ATH
is forced higher on decreasing Volumes.
We have 35,912 to 36,737 as potential Highs for YM - Probability is Neutral
for now, the overthrow would not hold and requires a quick and dirty move
higher.
The throw overs are common at levels, see December to February 2020.
Precisely the same pattern of Distribution.
Every throw over is a SELL imho.
Consumers are pulling back on Spending as Prices continue to elevate.
Supply chain reductions are assured as Global Production is in decline.
Confusion and Delay is ALL that is in trade until the Reversal begins.
Dumping your purse into Longs is an epic mistake.
Monthly breakaway Gap @ 28,200 will be filled into October/November,
prior to new ATHs.
The lows provide a fair probability of holding, only to reverse and move
quickly to new all time highs into 2022.
The FED will permit a fair amount of selling pressure to reduce the need
to taper, IF they were to actually taper Bond Purchases, it will not last
for more than a few months.
MBS provide a very telling statement of material FACT.
FED Purchasing 440B we know of in MBS isn't signs of a healthy Housing Market,
instead it suggests underneath the Headline Numbers, many of these products
are failing.
It is reminiscent of 2004.
Distribution began in JUNE of 2021... lots of Overpriced Zombie JUNK propped
up with share buybacks and Easy Cheesy Gamma Squeezy to unload.
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