“As long as we continue to learn, welcome new ideas and ways of doing things, and continually expand our understanding of ourselves and the world around us, then we are engaging in the ultimate creativity of the self.” – 365 Tao: Daily Meditations
No change in outlook on our base-case assumption in terms of market outlook. our ‘control reference chart’ remains $ES_F and even as we seem set to continue to pump for the 3330s gap fill, we are sticking with our view that broadly speaking, yearly highs and lows will hold at least into the election and probably for the whole of 2020.
In today’s Webinar and Video, we will continue to focus on what we expect to see into FOMC, June Expiry and the end of the quarter. We continue to see extreme signs of no fear/complacency and despite the fact that there is very little edge in blindly trying to fade flows, we seem to be getting closer and closer to very interesting levels where we would want to take a stab at playing for a stall and reverse.
Our chart of the day can only be Chesapeake:
For those that have been paying attention to the latest Robinhood saga/developments, today will be a very interesting day…
In the correct context, when people hear “You have to keep on dancing As long as the music is playing”, they tend to think/focus on the “Dancing”. However, it is very important to remember that the music eventually stops playing.