The $ES Superstructure

Much like the balance we see on the cash session (here), futures has now reached the same balance overnight:


The unending bond rout and currency crisis is causing some deleveraging. If that is coming to an end, balance at a place like this is ideal.

I want to continue to be optimistic. Many of statistics we are seeing commonly do occur at markets lows, and so I do continue to hope that we’re not entering a crash but rather ending a mini one.

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