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| SPX 04-18 |
A final thrust up remains on the chart, into mid-May.
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| SPX 04-18 1Y |
Which sets up a fall crash back to 1040 SPX. There's a 3 Peaks and a Domed House count in here somewhere.
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| SPX 04-18 3Y |
Good luck in the markets next week. I am heading down to the Arizona to hike the Bright Angel trail in Grand Canyon NP with my dear old mom.
4 comments:
The weekly candles for the R2K and Nasdaq are clear spike-floor ones, which is particularly bullish.
Bears had their chance to hold the market under the 50 day MA of 1840s, and failed.
Bulls are back...for a few weeks.
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Enjoy ARZ.
TNX been range bound between 2.6-2.8% for risk off/on trigger respectively. Maybe TNX is sideways wave B as we'll.
Yes, Rajeev, re the TNX. Pretty good so far, considering the S&P probably has not found its final top in all of this.
What the 10Y has not done is hit that mid-3% range everyone had been talking about for months, that we were going to experience inflation or growth or some kind of normal "recovery".
They all so desperately want it to be so.
China's credit crunch-in-progress points the way; the future is deflation.
very nice reading bicycle. took a liking to the snp's chart 2600. your 2300 looks good friend.
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