UPDATE December 14

A quick update

J Pow came out with a new tone, Doveish.

And now we hear central banks around the world are getting ready to cut rates. That means the end is near. Historically, we get a brief surge at the cut and then a dump. Something is broken, whether or not we feel the effects yet is uncertain. It seems the government has nearly unlimited bailouts (banking and commercial real estate so far). But that's neither here nor there. Let's look at the charts.

upper expected move is ~16950. The lower is ~16620 with my trendline at ~16575.

Keeps squeezing. We have big opex tomorrow.  We are due for a pullback. Divergences are there. But a squeeze is hard to turn. they just tend to stop.

$Micro 10-Year Yield Futures(DEC3) (10Ymain.US)$

it hit my 61.8 fib overnight. I expect a turnaround here, but it can go lower. It can retrace 99% if it wants. I'm watching for bottoming signs (divergences, double bottoms, volume flow)

It's been overbought for a while. Squeezes don't care. it is showing bearish divergences. My indicators show weakness. The upper expected move for today is 407.83 (all-time high is 408.71). i would expect a pullback at the highs before breaking it. The lower move is 400.27. if we move lower, I have a trendline at ~398.50. I think we could hit. Squeezes don't care. They will squeeze until they don't. This has been above the upper bollinger for 4 days, squeeze or not. It should snap back into the bollingers at some point (5 days is about a limit)

Be Safe, Be Careful, Be Wise

and as always

Good Luck