Thanks so much @rsotc ! Safe trading to you and everyone here in your community! I’ll see everyone here tomorrow :)

More importantly than those 60-minute divergences, IMO, is the fact that /ES & /NQ just impulsively broke down below those key support levels on the more significant daily time frames that they both hit on Monday & have, up until now, successfully defended since then.
However, the positive divergences are still intact on the 60-minute charts of both /ES & /NQ which leaves the potential that the could play out & if so, that would most likely happen with some big reversal in the futures tonight (almost certainly triggered by a big intervention by the gov’t) which brings /ES & /NQ back up above those support levels. Remember, it is where a candlestick closes that is most important. Hence, a move & close back above those broken supports on /ES & /NQ would be a potentially bullish event as that would mean tonight’s breakdown was a possible bear trap/false breakdown/whipsaw sell signal. I wouldn’t bank on that happening but certainly a possibility.

@rsotc Once again thank you for all that you do. At your convenience, if its possible to bring up on a chart now, can you show us if the /NQ and /ES positive divergences have been burned through? As you mentioned, it will be a great bear signal if those set up got burned through. Also of course what bounce do you expect coming soon that will provide another shorting opportunity? Thank you so much.

Relief rally to come once the fundamentals stop overwhelming the technicals as right now, the fundamentals trump the charts. No pun intended although speaking of Trump, he just suspended all travel from Europe (ex-UK) for the next 30-days. The fundamental landscape is still getting worse, at least for now. Down the futures go….

George Gammon does a pretty good REPO for dummies, here is the latest video but his channel has lots of content.
https://www.youtube.com/watch?v=ZtQUqlbIHrQ
I would welcome a view from a different perspective.

The charts of TBT are basically a mirrored inverse of TLT, even though TBT uses 2x leverage (the decay isn’t so bad compared to many other leveraged ETF).
While I’ve spoken to what I believed was an unfavorable R/R for going or remaining long Treasury bonds earlier this week, as the upside potential for gains was dwarfed or at the very least, on par with the potential for losses, that doesn’t mean I think the R/R is favorable for a swing or trend short trade right now either. If the stock market takes another big leg down, that ‘should’ be a net positive for Treasury bond prices, even if the $USD continues to fall (although that would be a net negative).
I’d rather stand aside from the Treasury bond trade right now (no position) and wait patiently for the next bullish or bearish setup to materialize as my read on the charts of TLT, /ZB & TBT just isn’t very strong right now.
With that being said, if I had to guess, I’d say TBT may have about 25% upside to this intersecting downtrend line + 22.60ish R level in the coming weeks to months (weekly chart below).

I don’t have a deep enough understanding of the interworkings of the repo market to pass along any thoughts or insight that might be useful although I will say it is crucial part of the massively intertwined machine known as the global financial markets. If one part of the machine breaks, the damage can be & is often contained but the risk for ripple-effects to other areas of the financial markets is an omnipresent risk, especially at times like this due to many of the things that I’ve covered recently & many more that I haven’t or aren’t even aware of.

Thx for sharing that. No need to do a video as I can sum up my thoughts in a few sentences after glancing the chart:
APT had a 428% parabolic rip in just 2 months back in late 2014 immediately followed by a sharp giveback of most & then eventually all of those gains which I’m guessing was from the Ebola scare?
FF 5 1/2 yrs later… different disease, same story? (although an 1100% pop in just over a month this time). Maybe COVID-19 fears only get worse instead of fading away this time but either way, I can’t make an objective case to go long at this time.
Doesn’t mean this stock will follow the same path now as back then (although it already has up to this point), just that it isn’t my kind of chart or technical setup.