Monday, August 1, 2022

Morning Post 08/01/2022 SPX

Welcome to August. What makes me happy about August? Cause September is next, and fall is just around the corner. Football and cool weather! 

Good v the WEF 

On to the lie - 

Minis recover 20 to be off only 4. SPX recovered 10% last month. Now it’s at a pretty strong resistance area up to 4175. I’d suspect they’ll need to gap through a portion of this resistance, especially at 4175, but apparently the Fed strapped on the snow plow a little early this year and are crushing everything in its path. I’ve targeted 4150 for quite sometime but nothing more. My call, they can push to 4175, but that’s it and consolidation continues. If they plow through this 4350 would be next. Remember, nothing is real, and this is all a distraction. Fiat is gonna fiat. 

More to come below. 

Have a good day. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.