Thursday, August 18, 2022

Morning Post 08/18/2022 SPX

Good v evil 

On to the lie - 

4342 roadblock will have to be gapped. As well as 4324. Never doubt the Fed’s ability. Never! … But! … if the oversized falling channel remains intact… we could be at an inflection point where TA/price is predicting a grim market turning act. An .. external event? Does TA win in the end? Can price predict the future? Stay tuned as these (cue music) are the Days of Our Lives. 

More to come below. 

Have a good day. 

 GL and GB!

Wednesday, August 17, 2022

Morning Post 08/17/2022 SPX

We’re fighting back. 

Good v evil 

On to the lie - 

Cash got rejected by the 200dma and minis are off 34. It would have been seriously bold to have plowed through the 4330 area. Rejection is good and consolidation should occur. Looked at the DOW and it’s ascendance above resistance is ahead of SPX, but their historical 10% price relationship is still off kilter. One must come to the other. DOW just destroyed some resistance levels it shouldn’t have. It has broken out I dare say. How do they get back in balance? Do they ever? If I had to guess, based on fraudulent Fed actions, I’d say DOW goes up and SPX stalls. If the both don’t stall. I’d prefer, I’d really like to call, DOW to stall and SPX fall to meet DOW near my preferred 3200 target area. Selfish? Me? Ha! 

More to come below. 

Have a good day. 

GL and GB!

Tuesday, August 16, 2022

Morning Post 08/16/2022 SPX

Good v evil. It it getting hot in here? 

On to the lie - 

Minis narrow and off 4. Around 4340 “should be” the final resistance and ultimate reversal area. Yea, I said it. I had to use the qualifier “should be” as the Fed rules every tick. I have to say reversal point, because I’d be a traitor to TA and historical norms if I didn’t. I graciously extended from 4175 without argument, but I gotta draw a line somewhere. STB’s sticking with 3200 and by no means ruling out 2200. It’s very difficult to live in reality yet see their manipulation. I’m gonna give TA one last glimmer of hope here. Always said it would win in the end. 

More to come below. 

Have a good day. 

GL and GB! 

Monday, August 15, 2022

Morning Post 08/15/2022 SPX

Good v evil 

On to the lie - 

Minis off 26. Little 4300 headwind with a little overbought in a market that’s not real. She should settle in here with 4150 base and 4350 ceiling for a bit. I don’t like it above 4175, but it’s their market. TA should become unreliable again if they continue up. 

More to come below.

Have a good day. 

GL and GB!

Friday, August 12, 2022

Morning Post 08/12/2022 SPX

Good v evil 

On to the lie - 

Minis up 20. You don’t want to be the bug on the windshield of this truck. Best just let it do it’s thing (up to 4300, then we’ll bark). Raw, pure corruption at the helm. 

More to come below. 

Have a good day. 

GL and GB!

Thursday, August 11, 2022

Morning Post 08/11/2022 SPX

4th consecutive and final super moon of the year. I’d expect the crazies to be out. 

Good v evil is raging. 

On to the lie - 

Well they gapped resistance as they had to. 4330 should be your next stop as the suckers rally marches on. It’s all criminal, so … yeah. As we close in on the midterms I’m not sure how the markets will react to a change in power or another stolen election. We’ll cross that bridge when we get there. 

More to come below. 

Have a good day. 

GL and GB! 

Wednesday, August 10, 2022

Morning Post 08/10/2022 SPX

Good v very evil 

On to the lie - 

Minis creeping up on hopes inflation numbers are better. Y’all are pretty smart. They’re gonna fudge the numbers, right? They can’t gap it big enough from yesterday’s close to take out resistance. Consolidation continues. 

More to come below. 

Have a good day. 

GL and GB! 

Tuesday, August 9, 2022

Morning Post 08/09/2022 SPX

Good v evil 

On to the lie - 

Minis off 15 as the super tight consolidation area holds. Probably gonna take an overnight gap to breakout either way. . 

More to come below. 

Have a good day. 

GL and GB!