2022-10-13

Is This It?

BTC is sliding towards support. A bounce or break will be a great signal.

The resistance areas on a bounce are 3640, 3650, 3670 and 3700. The 3700 level is basically the last stop before a huge rally.

Evidence of how tightly wound the markets are: the ES surged 30-points on news the UK government is rethinking its tax cut package (deficit spending).
I'm ready for anything. Fully loaded for downside, but ready to hedge and close positions on the upside.

Domino's is up 6% premarket after beating on revenue. It expects price hikes of 13 percent to 15 percent this year. Revenues are only up 9 percent though and earnings misses as those numbers would indicate. Price increases are cutting into sales. Let's see how the day develops. I don't think earnings news will matter today except to determine how high or low a stock might go as the rest of the market surges one way or the other.

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