Good morning STB!
We are blessed to be here. Looking forward to that cold front. Closing in on fall and football season.
Good v evil
On to the lie -
Minis up 10. 6400 SPX conquered. Mag7 earnings and talk of a short squeeze melt up. Mentioned that others liked 6800 as a target. Really haven’t seen any higher targets mentioned. I see lots of division of options on where and how we’re going as a whole. Good arguments on both sides, some rooted in history and reality, others in status quo all is well and some a mix. Technically, look at the monthly indicators, they’re ob and have sick negative divergences. Read that again. The daily indicators have flatlined. Weekly slamming into decade long resistance diagonal. IMO any move up from here is seriously dangerous to ride technically. The charts look bad, terrible actually, but we’ve seen this story before haven’t we. STB best trade.
Have a good day.
GL and GB!
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