We have plenty of room on the larger channel for a nice wave 4 low into FOMC. Janet will bring liquor and firearms.
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| SPX 04-19 |
And afterwards? 2008 redux, of course. But I don't think we'll make new sub-666 lows. This will upset a lot of people, but we're looking at support that runs back into the Reagan years.
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| SPX 04-19 10Y |
7 comments:
Whaat? CG. No. But Prechter is still saying S&P to 400, right? Time for a new blog. Smile
Wow, getting crazy overbought here.
Took another nibble on SDS this morning. What? Me Worry?
We're definitely going sub-666, because ZERO is much lower than that.
CG - I am not at my screens. But I think there is an unfilled gap in the S&P cash index somewhere around 800. Maybe the gap fill and trendline coincide.
We are starting to see some important bearish divergences out there.
Hi Bryan,
I checked the charts on the S&P cash index. I found 2 gaps from 2009 that haven't filled. The first one is the 810 to 820 area and the second one is the 910 to 920 area. I'm not sure if those gaps and the trend line CG see coincides or not. However, I just wanted to confirm you are right about the gap around 800.
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