Wednesday, January 26, 2022

Morning Post 01/26/2022 SPX

Good vs evil - good rallying right now. 

On to the lie - 

Minis up 63. Anyone surprised? Now is time for the right shoulder to form on the larger HnS I was looking at last week now the first one has finished. Daily 100ma or 4600 round number resistance should mark the top of this move if that pattern is in play. For those counting this fall isn’t over yet. Up for 4 and down again for 5 and maybe a double bottom or a final move south to the monthly 20ma around 4000 to finish this move. Daily 20 has crossed the 50 into bear territory. Of course with this rigged market you can’t rule out the suckers rally to a double top at this point. Hell, the Dems have killed everything else. They may as well kill the market before losing power in midterms on the way out the door. 

More to come below. 

Have a good day. 

GL and GB!

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