Thursday, July 16, 2020
Morning Charts 07/16/2020 SPX
Love the commentary. Keep it up. We’re a good team. Have been for years. We deal in reality.
Good vs evil. I hate to see it when it peaks. As Q says, this is more than another 4 year election. This one is for all the marbles. Either the silent majority shows up and we remain a free constitutional republic or we become a part of the global socialist system. I’d prefer to vote my way out of this situation than fight.
On to the lie -
Looking back at the China virus market tank, LOL it wasn’t shit. Sure, you can say percentage wise this or points that - it was a scratch and left a bruise, no bones broken. Like good vs evil above, hate to see it when it decides to call out reality.
Other than the fact nothing is real, the Fed is in total control, the real underlying conditions are rotten to the core and the current socioeconomic crash is epic - the charts look just fine right now. Actually, the last fall strengthened the overall technical situation ( at elevation). It created new points of reference that were missing. All that said, it’ll puke up a lung at some time. Till then just put the blinders on and keep clicking those red slippers Dorothy. Kansas is still there (for now).
More to come below
Have a good day.
GL and GB!