There is nothing but air supporting the market if we drop out of the rally channel around the 3300 level. JP Morgan is warning you ...
Wednesday, September 16, 2020
Thursday, September 3, 2020
An equity crash so vicious and destructive, almost no one catches it. With only one solid buyable dip (on the September FOMC), wave after wave of Fed sycophants and buy-side grifters are ripped to pieces and then eaten.
Over in 9 weeks when the Fed announces a formal policy of buying ETFs like $SPY and $QQQ to support equity valuations and keep the deflation monster from devouring the world.
|S&P 500 daily|
Friday, August 7, 2020
I'm going to be out in the bush next week, but the pols ought to settle their differences soon enough and write some more checks from the Future.
Tuesday, July 28, 2020
Here's the channel; we closed outside it today, with a Fed meeting tomorrow to keep things interesting.
|S&P 500 hourly, LOG scale|
Once we are back inside the giant pink megaphone, I don't think it will take much to trip us up and drop us back to 2140 on the S&P 500 for 1 of C down.
|S&P 500 suggesting C is close|
3 of C is a September-October affair, targeting the 1000 level, kicking off right after Labor Day.