We have this smaller, local megaphone. It's in five waves, although the third is the shortest -- hardly an "impulse" wave. It's one of those very bearish expanding ascending wedges my old friend Lunatic_fringe used to hunt. Timing is good into the July 4th holiday.
S&P 500 hourly |
And here's the big megaphone. The S&P 500 really wants to tag that area right over 3020.
S&P 500 daily |
And then it's just a matter of how quickly this implodes.
S&P 500 doom series |
8 comments:
Trump's a dumpster fire lately with the border and DHS flying illegals all over the place. I almost said, "country", but that's questionable. Can't wait to see how Donald handles bubble equities losing 2/3 their face value.
Lately??!!
If Trump is going to rally his base ... AND the markets have gone south ... he is going to have to do all the things, but fo real.
And he also will be forced to conduct scorched-Earth open war with the socialists, releasing documents, declassifying all sorts of interesting documents, directly to the people.
The 2020 election will be turned up to 11.
https://deep-throat-ipo.blogspot.com/2019/06/how-ineffective-bill-becomes.html
Speaking of scorched.
Wave 3 short then wave 1?
Don't you think it's ABC?
Fireworks on way
The middle of the channel is right at Tuesday's close, SPX 3025.
FWIW, tomorrow is also a New Moon.
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