Wednesday, April 1, 2020

Morning Charts 04/01/2020 SPX

Call me stupid or ignorant whatever, but how the F is this virus gonna go off over the next three weeks and kill supposedly something like 95,000 people?  What? What do they know that we don’t? What are they not telling us?  NFW do those numbers get hit. I’ll be the first in line to admit I was wrong if we get anywhere close to half that or less. Crap if it gets more than .. 10k I’ll be impressed based on numbers today. It must be about to hit the drug addicted homeless or something. It’ll have to ravage nursing homes throughout country. I just don’t see it.

What have they not achieved?  Did we respond too well? Are they trying to drive another wave of panic? Marshall law is still tricking in. Day by day freedoms are being taken as we, like good little sheep, do as we’re told. SIT! Good sheep. Pretty sure the vast majority are like WTF? at this moment.

On to the lie -

The 20dma proved too much this run up. Watch the 60m Charts to get anything useful. DOW 21,100 then 20,500 are first support. SPX has 2525, 2500 then 2450 for support. IMO the markets should get raped based on yesterday’s news conference. Three weeks of hell? We’ll see. Again, things are not adding up. I trust nothing.

More to come below.

Have y’all a damn good day!

GL and GB!

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