Friday, August 24, 2018

Morning Charts 08/24/2018 SPX

Jackson Hole - remember the good old days when we could count on the Fed for some market moving news via QE? Man it was easy back then. Crooked and rigged but easy.

Waiting patiently for POTUS to flip the script and actually arrest someone, but I’m so afraid the justice department [RR] is so corrupt there is nothing we can do now. If that’s the case we’re all screwed.

On to the lie -

Maybe something comes out of Jackson Hole or not. I’m still leaning on the midterms and thinking markets consolidate moving into then. DOW is a good technical case of confusion above two support points and under two resistance points yet lagging other indexes with indicators mixed to a degree. It’s like WTH got no clue. I’ll be preaching the exit plan mantra thru November.

More to come below.

Have a good day.

GL and GB!

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