Morning Post 06/21/2021 SPX

I think the bottom line is if we can get election integrity the nation will be fine, if not, Hunger Games scenario in 20-30 years (if a catastrophic event doesn’t take us out first). Either way, our future has some sort of reset button that will trigger. 

On to the lie - 

Minis rally close to 50 points to get positive. That’s a massive oversight stick save. TA has been setting up for more than just a body blow, more like a knock down. As usual, the Fed intervened overnight in a major way. Patience. Here’s the deal. I’m not sure if backtests are still a thing as most TA things are DOA from Fed manipulation, but a move to check the 50 or 20dma should be in order if not/then …. This is your scenario IF it’s what THEY want … Double support at 4050, price and the 100ma then 4k round number. 3200 or 25% would be an initial thought worst case here. As I’ve noted TA seems to be wanting to intervene. The Fed has handled TA so far. Up here though… little different ball game. 

More to come below. 

Have a good day.

GL and GB!