The market just broke.
On to the lie -
Half full or half empty - Worst Case Scenario: 73% Down From Here. That's far, far, far away from a worse case scenario. 75 to 80% price reduction scenario works for me. It's the form of the market or what's left after the carnage to salvage and how that recovery forms is what scares the heck out of me. If you think it's owned and contrived now, just you wait. Who "owns" what, or what you may no longer own - now that's where we get into a real life worst case scenario.
Right now may be one of those 'exit points' you may want to take. The elevator only goes back up so many times before the cables fail and down she goes. With each trip back up they stop further and further down from the penthouse. You only get so many opportunities to get off on one of the upper floors. This may be one of those.
SPX 30m - What was a really good setup for a fall three weeks ago has only gotten better.
SPX 60m - Wedge drives into and ends at resistance.
SPX Weekly - This has the potential to be the last major top of all the rebounds. With the Fed turning uber doveish at this time, that may be some sort of clue as to the dangers of this resistance point to their fraudulent market.
Freedom watch -
Don't even think for one second it can't be done - How to Hack an Election - Andrés Sepúlveda rigged elections throughout Latin America for almost a decade. He tells his story for the first time.
And since we discuss evil taking over the world quite a bit here, following up on the 'Temple of Baal' to go up in New York, London we covered yesterday why not add this to the evidence that the world may be turning upside down - Exorcism is making a comeback — and big news — worldwide
More to come below.
Have a good weekend.
GL and GB!
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