Monday, April 17, 2023

Morning Post 04/17/2023 SPX

We have to make it through the next two years, and then hope we get a fair election. Plan accordingly. 

On to the lie - 

Minis flat with cash roughly 35 points under key resistance 4200. Both weekly 100ma and prior price resistance create quite the barrier there. Problem is, nothing is real. They’re in complete control and printing whatever they need for anything. We all witnessed the power of QE over the past decade plus. Betting on a reversal here prior to 2008 would be a winner. Here, today it’s a crap shoot. This point should deliver at minimum a 5% pullback, but I’m gonna wait and watch to see what they want. Down is eventually going to happen. Down huge is going to happen. It’s only a matter of time. I hope you’re ready. 

More to come below. 

Have a good day. 

GL and GB! 

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