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    Volatility Reports 7/22/22

    July 22, 2022

July 22, 2022

Volatility Reports 7/22/22

CT’s volatility model has reached another extreme with today’s open, a TE#3.

The pro-directional move based on the previous TE#2 has run its course with an S-T advance. Along with the trend change expected on or about July 21 +/- the fresh TE#3 calling the S-T trend old, feeble, and due for a change supports a reversal of the uptrend here.

Monday I pointed out that “Today’s open – from an EWT point of view has met minimum expectations for the counter-trend.”  Based on the same method, the price structure has traced out a maximum move as of the recent highs.

The previous scenario of the cycle lows inverting was wrong, yet at some point for the downtrend to become pro-directional, a COT low needs to be taken out and the full cycle from high to low to be one-way traffic. Hence based on the 6 1/2 week cycle (45 days) a low is projected for late August to early September, which fits the overall scenario outlined by MarketMap™ -2022 Scenario Planner in January.

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Today traders should focus on failures to hold the uptrend. Here are the triggers based on the futures contract.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Back Story

The Attack On Democracy In The 1930s And Today

Click here to view the original web page at The Attack On Democracy In The 1930s And Today

As fascism spread globally in the 1930s, the U.S. responded with a series of radio programs informing the public about American democracy. Jill Lepore, author of These Truths, talks to Steve Inskeep.Volatility Reports 7/18/22

Back Story

My “Wealth Disparity Monitor” of the Fed’s Money-Printer Era: Holy Moly. April Update of the Greatest Economic Injustice in Recent History

Click here to view original web page at My “Wealth Disparity Monitor” of the Fed’s Money-Printer Era: Holy Moly. April Update of the Greatest Economic Injustice in Recent History

The wealthy got immensely wealthier. Everyone else paid for it via rampant inflation.

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Stop and think, avoid risk is the best risk management. There is another 20% to 25% risk from here.

Great and Many Thanks

Jack F. Cahn, CMT

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA 92264 USA. 800-618-3820 or 25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its client’s trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.

— Pricing is subject to change without notice.  My indicators and strategies can be withdrawn for private use without notice at any time.

–Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options

–Futures results are not linear they can be better or worse While confident, CT does not and can not by law make any assurances.

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