Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewBehind the Fed and all the recent noise: JPM calculated CTAs had 300B worth of rate shorts across USTs, Bunds and Gilts & covered two-third. “The past 3 days have seen the greatest short-covering in rates since the pandemic or March
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewI am not the least bit surprised at how the markets fell yesterday and nor should anyone else. I am not going to repeat what I have said over and over. What I will say is, I had lunch with
Topic: Taylor 3-Day Cycle Author: David D Dube (a.k.a. PTGDavid) Website: Polaris Trading Group Prior Session was Cycle Day 1 (CD1): Normal for CD1 as price declined and exceeded the 4033 projected target, plunging down to 4003.50 Statistical Range Extreme (screenshot). Prior range was 75 handles on 1.705M contracts exchanged. …Transition from Cycle Day 1
Topic: Taylor 3-Day Cycle Author: David D Dube (a.k.a. PTGDavid) Website: Polaris Trading Group Prior Session was Cycle Day 2 (CD2): Normal CD2 as CPI print gyrated price between TargetMaster's upper and lower statistical 2-Sigma Zones. Session settlement had price trading near the upper 3 Day Cycle Target.(4154). Prior range was 82 handles on 2.316M
Topic: Taylor 3-Day Cycle Author: David D Dube (a.k.a. PTGDavid) Website: Polaris Trading Group Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled as price traded above the CD1 Low (4132.50). It was a "Wild Ride Clyde" session as JPOW's speech gave the markets a roller coaster ride, ultimately closing near highs