Mrs. Northy put her finger on what seemed too terrible to be true. We could be at 2990 SPX in 5 trading sessions. It's set to go even more insanely vertical.
|S&P 500 parabola!|
Will the 10Y Treasury yield also go straight up? Serious resistance is up at 3.5% -- rates we cannot afford as a broke, debtor nation. Equities must be sacrificed to Moloch.
|10Y Treasury yield, log scale|
The good news is that this can have a happy ending. After cresting at 2990, we can be back at the 1000 level on the S&P 500 by Christmas.
|S&P 500 bounce off Brexit lows, retest, crash|