Thursday, October 19, 2023

Morning Post 10/19/2023 SPX

I’d prefer the catastrophe cycle sweep on through rather than us annihilating each other. No sense in self extinction first. 

Good v evil 

On to the lie - 

Minis off 6. Tuesday cash was rejected by 4400 and the 100dma. Yesterday was a follow through of that rejection. Es no bueno. It’s a party under right shoulder support between the falling 100dma resistance and the 200dma support and 4200. ‘Tis is not the consolidation area you are looking for. It’s the calm before the bottom falls out. STB will get his lower, larger consolidation area in time. I’ve been extremely patient so far off the top, and it’ll take a bit more. War is usually market positive, not this time me thinks. 

More to come below. 

Have a good day. 

GL and GB! 

No comments:

Post a Comment

Keep it civil and respectful to others.