I had better post these charts now before things get moving.
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| checkmate |
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| SPX 40D |
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| SPX 1Y |
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| SPX 3Y |
Monday, December 26, 2016
In case the markets fall apart in 2017
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| checkmate |
|
| SPX 40D |
|
| SPX 1Y |
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| SPX 3Y |
5 comments:
Kill your tee-vee.
"Kennedy was assassinated because he was turning away from the Cold War and seeking a negotiated peace with the Soviet Union." Sound familiar?
Is it all over?
Draw the trendline from the November low up through the December low, extend it out today.
Now notice how the market has violated this line and now rejected it this morning.
It would be a failed 5th wave, and we can make up some plausible reasons for it later if it plays out.
No real damage to breadth yet. February will be much more interesting imho.
Heavy down thurs and Fri with a bounce next week, just to fool everyone expecting a repeat of how this year began?
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