Monday, October 3, 2022

Morning Post 10/03/2022 SPX

Good v evil 

On to the lie - 

Minis recover over 40 points to be up 16. Friday’s close on the weekly 200ma just under 3600 marked the end of a nasty month. Now both the weekly and daily indicators have positive divergence showing. Monthly 50ma support just below. Friday’s breakdown wasn’t surprising, it’s deserved. However, as I’ve cautioned Fed intervention/course reversal of their failed policies  is rising (So, a possible  pop, for said reason we speculated was coming, cause the world is a dumpster fire could happen). See post below to emphasize how much they’ve pumped in just to keep up at these levels - emphasis on dumpster fire. They seem damned determined to not let me get my lower targets. Time and said dumpster fire are on my side. 

More to come below. 

Have a good day.

GL and GB! 

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