Lena

curiosity

[Lena @2008yoga]

2 yr up 9 basis points and 10 yr up, 3-yield curve flattening

[CrossBorder Capital/ GLIndexes @crossbordercap]

Flattening curve tells us that #liquidity has already been tightening. With hawkish #Fed More to come....soon bonds will be a buy! @Tyler_Neville_

[Lena @2008yoga]

@BennMaldonado @Plus3Forecast Yup! I mark the support level of cruel oil you mentioned in yesterday’s video!

[Lena @2008yoga]

will the Iran MOU survive?

[Benn Maldonado @BennMaldonado]

$ES 60min ping pong chart shows that we gapped up above the old upper limit (7441) on the Iran war news & the roll to the Sept contract, moving 3 tables higher. Bulls need to stay above the net (7586) to keep the rally going. ATH's are just above. Table limits are $ES 7658 & 7513, with the net at 7586. As long as we are above the net, the upper limit is the target.

Short term bull/bear line is 7589. Bulls remain in control above 7419. Bears take back control below it (4hr basis). $ES Daily (Jun contract) shows we gapped above the key 1/2 square (7460) resistance & are heading for the 5/8 line at 7550. As long as we are above 7460, this move up is bullish and ATH's are likely. Clearing 7550 is the next task for Bulls on the way to a new ATH.

Big Cycles support a chaotic transition to the next Epoch. We have entered the final phase of the current Epoch that will last into mid 2028, when the new Epoch begins. Odds favor a credit event in 2026, resulting in market turmoil and a more decentralized world. A monetary reset is likely in 2026. 2026 is 55 years from end of Bretton Woods. 55 is a Fibonacci number. 2026 is a 1 Universal Year. 1 is the start of a new cycle. Big Cycles do not support de-escalation in conflicts. War & kinetic altercations are the most probable outcomes. Given the cycles. odds favor the Iran peace deal falls apart.

[Lena @2008yoga]

give it time to increase the odd

[The Factor Report @PeterLBrandt]

There is no way to know at this point. The general rule is that it takes about four days to increase the odds of knowing the answer

[Aksel Kibar, CMT @TechCharts]

60K is a technical support.

Repeating: only a technical support. Possibility of a rebound. Price needs time to form a bottom reversal chart pattern for any long signal. $BTCUSD

[Lena @2008yoga]

first support $42.5 for SOL

[Aksel Kibar, CMT @TechCharts]

$SOLUSD Short, sideways consolidation acting as bearish continuation after the diamond top.

[Lena @2008yoga]

No ATH?

[Henrik Zeberg @HenrikZeberg]

Bitcoin is in a MAJOR BEAR MARKET

Not like in 2017-2019.
Not like in 2021-2023.

This is on the ENTIRE STRUCTURE

Digital Tulip

Enjoy wave B Bounce (which is enough to push ALTS and ETH to ATHs)

[Lena @2008yoga]

In the support zone

[Aksel Kibar, CMT @TechCharts]

$BTCUSD 52K-60K area next strong long-term support.

[BuBBliK @k1rallik]

🚨 do you understand what just happened with the SpaceX IPO..

Fidelity quietly dropped its minimum account requirement from $500,000 to $2,000 - a 99.6% cut that lets millions of small retail investors in days before the biggest stock debut in history.

The catch is who they need to sell to.

- SpaceX reserved up to 30% of the offering for retail, far above the usual single-digit share
- Selling within the first 15 days triggers Fidelity penalties up to a permanent IPO ban
- At a ~$1.675T pre-money valuation this IPO creates more exit value than every VC-backed IPO of the last decade combined
- The xAI side lost $6.4B from operations in 2025, dragging a Starlink-powered company billions into the red

They opened the gates right when the smart money needs someone to sell to. Read the prospectus before you become it.

[Lena @2008yoga]

This is helpful

[Plus3 Forecasting @Plus3Forecast]

What matters next week is straightforward:

Can ES absorb the June timing windows without losing support?

Can gold hold its reversal structure, and can crude resolve compression without breaking its floor?

That is the structural map heading into the new week.

[Lena @2008yoga]

AI hiccup! no wonder AI companies go IPO this summer

[Ricardo @Ric_RTP]

Microsoft just banned its own engineers from using AI.

The tool was literally costing MORE than the humans it was supposed to replace.

They lied to you about AI adoption and now the whole narrative is blowing up:

Microsoft gave thousands of engineers access to Claude Code six months ago and encouraged them to use it.

Engineers loved it and adoption exploded. But then the invoices arrived.

Token-based pricing means every query, every code review, every debugging session costs money. At scale across 100,000 engineers, the numbers became so large that Microsoft issued an internal order to cancel nearly all Claude Code licenses by end of June and force everyone onto their own cheaper tool instead.

The company that invested $5 billion in Anthropic just told its own people to stop using Anthropic's product because it costs too much.

Uber's story is even worse...

Their CTO Praveen Neppalli Naga told The Information that the budget he planned for the full year was "blown away already" by April.

Uber had rolled out Claude Code in December 2025. By March, 84% of their 5,000 engineers were using it with 70% of all committed code coming from AI systems.

Heavy users were burning $500 to $2,000 per month each. Naga himself spent $1,200 in a single two-hour demo session.

The company had even built internal leaderboards ranking engineers by how much AI they used. They literally gamified the spending and then ran out of money.

Now look at what Nvidia's own VP of applied deep learning Bryan Catanzaro said to Axios last month. Direct quote:

"For my team, the cost of compute is far beyond the costs of the employees."

This is a VP at the company that SELLS the chips saying that using AI is more expensive than paying humans.

Think about what this means for the entire AI narrative.

Every CEO on every earnings call for the past two years has said the same thing:

AI will make us more efficient, reduce headcount, and cut costs.

The stock market rewarded every company that said it.

Fired workers, stock goes up. Announced AI adoption, stock goes up.

But the actual companies deploying AI at scale are discovering the math doesn't work. The MORE employees use AI, the HIGHER the bill.

Goldman Sachs forecasts a 24x increase in token consumption by 2030 as companies adopt AI agents. Gartner just published a report showing that even though individual token prices will drop 90% by 2030, total enterprise AI costs will go UP because agents consume exponentially more tokens per task than basic tools.

Meta built an internal dashboard called "Claudeonomics" to track which employees use the most AI. Amazon started pushing engineers to "tokenmaxx," their internal term for consuming as many AI tokens as possible.

Both companies are spending hundreds of billions on AI infrastructure this year alone.

And Microsoft, the company that bet its entire future on AI, just told 100,000 engineers to stop using the tool they liked best because the per-token bills got out of control.

The companies building AI are telling investors it saves money. The companies using AI are finding out it costs more than the humans it was supposed to replace. And even the company that makes the chips just admitted it through its own VP.

This is the gap nobody on Wall Street is pricing in.

$725 billion in AI infrastructure spending this year across Big Tech. And the first companies to actually deploy these tools at scale are already pulling back because the economics don't work.

What do you think?

[Lena @2008yoga]

60/20/20, where to put the new 20?

[Jurrien Timmer @TimmerFidelity]

With the right tail of an earnings boom taking equities higher and the left tail of a bear steeper pushing bonds (and therefore equities) lower, what’s an investor to do? My answer remains the 60/20/20. I don’t want to be short equities in the midst of a cyclical and secular bull market, but I do want to be short bonds in a regime of fiscal dominance and structural inflation. That means taking some allocation out of bonds and putting it in hard assets, cash, and alts.

Of those diversifiers comprising the 20, commodities and managed futures continue to be the “purest” hedges in terms of their increasingly negative correlation to both the 60 and the 40.

[Lena @2008yoga]

HK continues to have a special financial role in China

[Simon Dixon @SimonDixonTwitt]

Wow.

🇭🇰 Hong Kong is taking London’s role one product at a time, but this time integrated into the Shanghai Gold markets.

They’ll likely leave the unbacked gold derivatives structure in London and New York intact for now, because those paper markets become liabilities once the Financial Industrial Complex is ready to rug-pull Western markets during the managed transition to a multipolar world order.

The FIC appears to be gradually shifting the centre of gravity of global finance eastward.

They will likely engineer Bitcoin-to-gold capital flows as well, directing liquidity and institutional inflows toward Shanghai connected financial architecture.

UAE becomes the gateway to GCC.

Hong Kong becomes the gateway to BRICS.

Singapore the gateway to ASEAN.

Nothing stops this train.

[Lena @2008yoga]

correction is coming

[Aksel Kibar, CMT @TechCharts]

#SPX potential for a pullback towards 7,040 horizontal support.

[Lena @2008yoga]

Potential 10% correction

[Aksel Kibar, CMT @TechCharts]

#NASDAQ Potential for a pullback towards 26,170. Its been steep and an uptrend without any pause.

[Lena @2008yoga]

The Macro trend

[Jeffrey Currie 🆔++ @CommodMkt]

This is the Revenge of the Old Economy in real time.

A super cycle already underway before Hormuz closed.
Brent will break out. The security premium is not transitory.

Three drivers. Not fading. Intensifying.

Deglobalization. Electrification. Redistribution.

All three turbo-charged versus our 2020 super cycle call.

We are still in the bottom of the first inning. None of the imbalances have been resolved. They grow by the day.

Own the grains/softs. Own the metals. Own the molecules.

Remember, you cannot print molecules https://t.co/XQpR4p4HPL.

10/10

[Lena @2008yoga]

Raoul’s time stamps till mid term election in Nov

[Raoul Pal @RaoulGMI]

https://t.co/aVcEhDRJyH

[Lena @2008yoga]

Head up of what to watch

[Plus3 Forecasting @Plus3Forecast]

Bitcoin held above the 68,580 pivot from our structural map and is now pressing into 82,000-83,000 resistance ahead of a May 14th time cycle. Gold is building a bullish ascending triangle above 4560. Copper reversed hard and holding above 611 is bullish.

[Lena @2008yoga]

Pivotal week

[Plus3 Forecasting @Plus3Forecast]

Weekly structural briefing — May 10, 2026

We are walking into a major geometric time cluster late next week for the indices. It is a flashing red light for this straight-up advance. Crude oil is coiling near a structural pivot that will set the direction for the entire commodity complex when it breaks. Full breakdown in this week's podcast.

[Lena @2008yoga]

EEM

[The Factor Report @PeterLBrandt]

Nice call Aksel
Headed much higher