Monday, March 30, 2020

Morning Charts 03/30/2020 SPX

OK, so to avoid another full blown rant (which will come again soon), I’ll take a deep breath and keep this brief.

WTF is going on? This is some F’d up stuff. What’s real? What’s the truth? Will we ever get the truth? What’s with the tanks to LA? What’s with the fear porn? What’s with the outright lies about overcrowded hospitals and testing centers? What’s with the need for a surveillance state? All for a bioweapon with a death rate is similar to the flu? Yet, they still allow gun sales? Shits not adding up.

Some good Q over the weekend for you to entertain -

This is about saving our land and our people from those who wish us harm.”

Woke mofo -

On to the lie -

I got no clue. Based on everything in the news, extended lockdown and peak virus, you’d think the markets would freak. Nope. Futures flat.

Maybe they know something we don’t? Maybe the public isn’t buying the government’s BS? Maybe the panic selling is over and the PPT can control things better? Maybe price fell enough. It didn’t. Got to about 1k points from my upper target. Is this a B move up of and ABC down? Technically that would be nice and would wipe out the house of cards if so. I can’t say. 6 weeks does not make a bear market. ST Charts say a move down should come soon, but the daily just got a MACD bull cross. Hard to know what to believe in this technical nightmare.

Keep an eye on retracements, MA’s and various S/R points that are established. Also watch the VWAP. Price has corrected to it mid late day very well.

More to come below.

Have a good day.

GL and GB!

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