And this is why you simply don't do such things - Bill Blain: "Markets Did Not Melt Down Yesterday As I’ve Been Semi-Seriously Predicting". Trust me it's a tough game trying to call this market, thus I simplified it - Follow the Fed till the STB 'event' then run like hell and hope you have prepped adequately.
In the mean time, see the target I put on the chart below earlier this week. All signs pointed to at least a technical crack, so I even went out on a teeny tiny little limb looking for at least a minor retracement (shoulda happened twice but did not). TOTAL CONTROL - never forget that.
On to the lie -
SPX 15m -
SPX 60m - I do have another multi-year long standing target that's a lot more worrisome than this one on a chart somewhere.
More to come below.
Have a good day.
GL and GB!
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