Friday, August 19, 2022

Morning Post 08/19/2022 SPX

Good v evil 

On to the lie - 

Minis off 40. 4340-4150 consolidation area that will require a gap move to exit either way. Should stay here for a while. Everyone knows I prefer it to puke up both lungs, dump and get it over with, but this thing called the Fed is in total control (till my “event” - which may be the Ukraine causing its own Chernobyl to stop the Russians advance - Zaporizhzhia NPP. Or one of a thousand things right now like Taiwan or drought or … you see the plethora of options.) that’s got me thinking 2200 lower target may not be low enough. May have to lower that to old double top ATH just under 1600. Have we ever discussed getting out of fiat and prepping? 

More to come below. 

Have a good day!

GL and GB! 

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