Thursday, October 3, 2019

Morning Charts 10/03/2019 SPX

Looks like Trump has finally had enough and Shittforbrains is clearly going to feel his wrath. The tweets are priceless. He’s not holding back anything, and I love it! Refreshing in my opinion. Call a spade a spade. Boom!  Trump finally on the offensive. Only question is will the Republican reps follow and back him.  We know the RINOs won’t.

You may have noticed a 1k drop in the DOW over the past two days. Sure there are some legit economic reasons for this, but the timing? As soon as the Dems impeachment scheme goes off the rails and gets flipped... just a distraction? As I’ve speculated the markets will be the only thing they’ll have to use against Trump in the end.

He’s got to get on top and start prosecuting the criminals NOW. #LockThemAllUp

On to the lie -

Welcome to the consolidation area. Caution volatility will ensue. Trader paradise in this zone. Danger levels for long term holdings elevated. 25% drop is not out of the question. As I’ve been saying ceiling above and abyss below.  The path of least resistance is clear.

More to come below.

Have a good day.

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.