We didn't see the more violent breakdown in the markets I thought we could. Even with the excitement yesterday, we ended up drawing a five-wave decline that fits into a nice, tidy channel.
Here's a bullish count that puts 2100 SPX back on the board. The still-untouched upper Bollinger Band on the SPX is up there now, taunting us.
Is Putin going to respond after Christmas? The Western banking syndicate sorely needs more assets to financialize and securitize, in order to keep the great game going, and a major store of unburdened assets in the world is the great expanse of Russia.
Western finance could maybe squeeze another 10 years of life out of the Russian north, enough to get us through a good pod of Boomers. The shark has to keep moving to live.
I'm excited to see what the statesman Putin has in mind as a response to our attacks.