So, a week for picking up nickels before the steamroller parade. Dullsville until FOMC gets a little closer.
Daily Bollingers and the timing for an (eventual) dive to the 200 DMA SPX also make sense here.
The whole thing makes for a nice head & shoulders top, of much larger 3PDH patterns, all with a single, wonderful, violent conclusion.
And I still say the Fed bumps rates in January.
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| SPX 09-07 |
3 comments:
What's your read on this one, Bicycle?
Population of India ...
Is there a golf angle to this Scottish restlessness?
It can't have escaped the Administration's attention.
Where are the carriers?
An alluring chart outlook CG. Wish I could believe in it.
The 2030s do look very likely next week, and an FOMC would make a good intraday reversal.
I think the Yellen is due to speak after the announcement, and as ever..there is a high threat of an intraday reversal.
The low 1700s by end year would really 'help'.
...I might short next week.... would be the first time in over a year.
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