In case you missed it: #ECB balance sheet expansion continues despite rising inflation. Total assets have risen by €15.9bn due to QE and quarter-end adjustments. ECB balance sheet now at record €8,289.1bn, equal to 76% of Eurozone GDP vs Fed's 37.1%. pic.twitter.com/JFAWWlqApR— Holger Zschaepitz (@Schuldensuehner) October 7, 2021
A Flat W(B): (1) a big gap-up over the 4385 zone, which directly invalidated the blue W-C count, and put the W(B) Flat--purple one, on the table; (2) now, anywhere between 4430 & 4465 can cap the impulsive w-c of this Flat; then the next session of the down move; either C or 3.
SPX [MA 58] : (1) most TA analysts focused on MA  as a major yardstick to measure the potential support and resistance price. (2) following SPX for 20+ yrs , I found that MA 58 is more accurate than MA 50--the difference may be minimal, but it is pivotal for option traders.
It will be interesting to see what happens with this “cup-like” pattern of higher lows weekly. It seems like the VIX tend to spike in a big way when it starts creeping up with higher lows like this.Breaking down would certainly represent a change but I can see it dropping next wk pic.twitter.com/YAKXhMb9ok— Premature Accumulation Transitory Microinflator (@MoMoBagholder) October 7, 2021
Fed:— Sven Henrich (@NorthmanTrader) October 7, 2021
We have no idea why inflation data keeps surprising to the upside.
We have no idea why wealth inequality keeps getting worse.
We have no idea why everything is so distorted.
But trust that we know what we're doing. pic.twitter.com/LTVMvBujr9
#Bitcoin Update: After piercing the 'Scene of the Crime' trend line, $BTC pulled back below. This level is resistance. As great as this move up was, technically it still fully resembles the past cycles from 2013 and 2017. The only way that changes is to take out the 65k high. pic.twitter.com/orf9Kk1rVU— Gareth Soloway (@GarethSoloway) October 7, 2021