Early post
SC still has not given me my chartbook back. Go figure.
Not much to say and have to take LS2 to ortho apt (broke something at football yesterday) this morning, so I'm not sure what you will get or when I'll be in this morning.
Minis took the rising wedge (possible bear flag) and overthrew it late yesterday after a rather dull super low volume day. Not sure what caused the late ramp, but that 1949-53 resistance area and the 61% retracement were proving their metal all day. Price has entered my bull/bear line zone. Now almost 70 points off the last low at critical support (who'd a thunk it), so far it looks like the Fed is on track and has dodged another bullet while not allowing a meaningful retracement. We'll have to see about that. Right now it looks like mr. market may want to say something about that. We'll see.
More to come below.
Have a good weekend.
GL and GB!
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