I'm gonna try and remain calm this week. Sadly things are starting to roll downhill again. It was only a matter of time. The Donald does not have a magic wand, and apparently his stick is not that big either. Everything is frayed. Oshithead and the Hildabeast really fucked things up. We gotta lot of hard work to do, a lot of coming together, a lot of sacrifice and a lot of pain to go thru before we're gonna get better.
The financial issues are numerous, some seen and some unseen. One that remains in the realm of unbelief (can't possibly happen status) is pension funding. I've been screaming about it for years - Your Pension Will Be At The Center Of America's Next Financial Crisis. This is just one of the many super-problems we have, and when you start stacking super-problems on top of each other it's not a good thing. Actually it's a game ender. This and several other debt related bubbles are part of a financial crisis that will eventually bring us to our knees.
This (pension failure/financial crisis) comes full circle to asset forfeiture and confiscation (globalism, Agenda 21/30, deep state and all that shit) which confusingly can't happen under Trump. I don't think he'd ever go there. Right now POTUS is in a wicked battle to save our ass as a nation. He's given us a chance to fight back. We better take advantage of it while it's given.
On to the lie -
As for the markets - as Souper and I have argued since prolly 2012 here on STB - it's all about liquidity. So seeing this may give a clue as to the coming market implosion -
SPX Daily - Rising blue wedge and its dashed target diagonal. Does not look good right now for bully. The 2340 support may finally crack today. This makes the 50dma at 2330 vital. If that cracks my 2311 target area is next. Since 2311 is in no-mans land the only major support under this fall is around 2200 and the 38% retracement of the Trump pump.
Freedom watch -
Nothing here today.
More to come below.
Have a good day.
GL and GB!