Good morning STB!
Like, actual good things are happening. Got some hype out there about this month and celestial events. Thank goodness we survived the first supposed event yesterday. There’s a Nostradamus thing, a tribulation thing, a we’re all gonna die thing. Clickbait needs to die. Sorting through it all is quite tedious.
Good v evil
On to the lie -
Minis up 7. There was a time I’d be seriously hyping a terminal rising wedge here on SPX. Let’s see what happens today with the backtest. It’s a tiny little wedge, but if support breaks again it could lead to something significant. September is notably a bad month for the markets. I wouldn’t be buying anything here. I’m still leaning to a stagflation scenario, which is not good. The whole system is sick. Employment numbers tomorrow, if they can be believed, may trigger a larger move south.
Have a good day.
GL and GB!
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