Well, the Fed is obviously clueless. What now? Well, we wait I guess. It's their market. They will do what they want. Up or at least maintaining current valuations would be their preferred route. I suggest you read Peak Central Planning: BofA Says Fed's Dudley "Does Not Want Stocks To Decline; Wants Bond Prices To Go Down" for a glimpse at part of the Fed's propaganda. Remember, do what they do, not what they say.
On to the lie -
Nope, my record is not skipping. Sadly all there has been to look at for over a week now is red wedge support and the 2062 area. Not to belittle where we are, this is critical support.
SPX 60m -
Freedom watch -
Just another thing we've discussed regularly here on STB over the years. You know when I talk about them flipping the switch in times of trouble, cutting off power, water and such to control the population? Yeah, well, as usual, maybe I don't sound so crazy anymore. Smart Meters: Enforcement Of Mandatory Water Restrictions Is Only Just The Beginning
Masters starts today!
More to come below.
Have a good day.
GL and GB!
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