Several words come to mind, but dysfunctional seems to fit everything right now the best. Maybe, just maybe, the market is going to catch on? Highly doubtful that the rigged casino will follow the economy and our government down the tubes just yet, but it will happen eventually. the HFT bots and algos running Fed liquidity and false bids ca't keep this thing up forever.
What you need to be paying attention to ,since the global Ponzi is dead, the EU and IMF are busted and the central banks are all tapped out is exactly this tweet from Max K -
Greece: now moving toward a bail-in
USA: default will probably trigger some type of bail-in like pension confiscation.
I'm telling ya, the $19 trillion in retirement savings is the ultimate prize, and they will come for it. Look for them to start nibbling soon.
Daily SPX - They may force my hand to call a top here soon if that blue support diagonal gives way. If that goes 1600 comes into play and I believe it will be game over at that point.
Minis - well, of course ToS is screwing up this morning, so you'll have to look for minis charts below in the comments. Bottom line is the HnS STB has been pointing to plays out the 1649 to 1652 critical support could be in sight.
More to come below.
Have a good week.
GL and GB!