Show notes:
TMSpotlight:
09-02-2024 “Pour Some Sugar on Me,” It Relieves Boredom
———————-
Pour Some Sugar On Three. Two, escape inversion. Pour some sugar on One. Come on, hit zero.
The countdown to the end of inversion goes through mechanical boredom despite anxiety by market participants. The dynamic tension coexists within temporal serenity.
Recent price action looks like a Step Function followed by Boredom: Opening market-related news gives traders a reason to stretch toward expected resistance and then trade mechanically without momentum. Otherwise, it would blow through resistance and run unabated. So, when inversion ends, boredom gets mashed, and rates run.
Three Two end inversion One Zero.
————————
Song: Pour Some Sugar On Me (1987) Def Leppard
https://www.youtube.com/watch?v=0UIB9Y4OFPs