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2022 September 26th EST Daily Memorandum

Disclaimer:

Nothing contained in the following content constitutes an offer, solicitation, or recommendation regarding any investment management product or service, or the offer to sell or the solicitation of an offer to buy any security; The following content is purely for information only and is based on information available at the time it was created. It does not take your financial situation or goals into consideration, and may not be suited for you.


Current Thesis

The thesis of interest rate hikes will continue to govern trades from the current to earlier next year. The highest projected terminal rate is expected to be around 4.51 - 4.70%. As a result, rising rate hike expectations continue to drive the underlying credit market-related indexes. The general thesis for the remaining year is outlined in the following article: Is Volcker Shock Coming Back?


Executive Summary

We see significant downside risk to the S&P 500, NASDAQ, and Dow Jones Industrial Average and remain bullish on the credit market and reverse index. We expect the trend to follow the major narrative despite fluctuations pullback in shorter periods such as 5 min and 1 min charts. The market continues to favor the credit market over commodities and equities. The specific time of the final finale is unclear. But we are on the verge of fermenting the last drop.


Today at Close

Legend

- tive: trending negative - tive expansion: trending negative with expanding in average trend - tive reduction: trending negative but with a reduction in average trend

- tive confirmation: confirm the negative trend

flat: in an unclear and horizontal fluctuation

pivot: a potential pivot of the current trend

+ tive: trending positive

+ tive expansion: trending positive with expanding in average trend

+ tive reduction: trending positive but with a reduction in average trend

+ tive confirmation: confirm the positive trend


SPX

Still very bearish on all time frames except for the flat out of money flow on the 15m chart

Our Quantitative Indicators

Money Flow

​Momentum

​Trend

​15m Chart

flat

​- tive expansion

​- tive

1-hour Chart

​- tive reduction

​- tive reduction

​​- tive

​4-hour Chart

​- tive reduction

​- tive reduction

​​- tive

​Daily Chart

​- tive expansion

- tive expansion

​​- tive

​Weekly Chart

​- tive expansion

​- tive expansion

​- tive


QQQ

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2022 September 26th EST Daily Memorandum

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