Thursday, October 7, 2021

Morning Post 10/07/2021 SPX

Fn crazy town. 

Good vs evil raging. 

On to the lie - 

Minis up 46 cause we’re gonna temporarily fund the government. Ok. Great. That’ll get cash to almost backtest the 20dma at the 4400 round number just under falling wedge resistance. So there’s a wall coming. The wedge needs one more lower high and low to complete, or they may just finish it here. To those counting (LOL), ya really need the wedge to complete. 

So, three scenarios since the HnS is DOA. That setup was so good and measured. Hate to see it go. The wedge completes, the wedge is completed and 4500 is the target or we’re about to hit the holiday ramp ultimate suckers rally to a double top. Oh, another, the Fed’s just gonna keep that liquidity flowing. I can’t make a call, but as we say - watch liquidity. 

More to come below. 

Have a good day. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.