Tuesday, October 25, 2016

If we can't break out, we may fail hard at the 50 DMA

There is a very plausible count for this, and I believe it would sync with a smoking-gun release from Julian Assange's Wikileaks organization over the weekend.

The release would disqualify Hillary from higher office and usher in Donald Trump to White House.

The markets will not take this well.

And then the Fed will pile on in December with a 50 bps Christmas present to welcome the Donald to Washington, D.C.

SPX 1Y daily big-picture view
SPX 30D view of the proposed E-D failed 5th

6 comments:

Christian Gustafson said...

Is it starting?

Bryan Franco said...

Breadth just continues to deteriorate here. It is just a handful of mega caps holding this thing up. Proof is in the Russell.

Hugh Jazole said...

More tech layoffs.

http://www.sfgate.com/technology/article/Twitter-layoffs-part-of-massive-cuts-in-tech-10332592.php

Buffett Junior said...

CG,

I see news everyday like wiki released this and that but no impact..it is very well possible that common people dont even read daily news..major media houses are in HC pocket..so dont know how those so called documents will be released and catch fire to turn this election in Trump favor.

Even if it catches fire, who has the power to stop her? FBI? LOL...Congress is not in house until election is over and once she is President there is nothing in constitution to put President in jail...

I think there is no time left for anything to change...however, your chart can still work even if HC wins...

Christian Gustafson said...

Tape feels so ominous today, like we are on a knife-edge.

Hugh Jazole said...

One of hell of a divergence between SPX and BPSPX.