2575 ES – next target

Pains me to say this as it extends the Bubbles in everything.

Look for 2575 into OpEx as the next Daily Target.

The first payroll drop in 7 years returns – 6 handles on the ES.

Were this a decade ago we’d be down 20-40 handles and that would equate to 3 to 5%…

Remarkable how controlled this mess of a market remains – it will likely get much worse prior to it normalizing. Perhaps it won’t until it simply implodes.

Gold staged a rally to its .618 retirement target. Holding off to see how 1240s trade.