Wednesday, November 8, 2023

Morning Post 11/08/2023 SPX

Good v evil 

On to the lie - 

Minis flat. Markets are attempting to distribute all that hot air that was pumped up its backside last week. What was once a marathon is now a series of sprints. Nothing natural, all reactive/manipulative. Bears worst nightmare here - down to form a right shoulder for an inverse HnS that would target a double top. That’s not where I’m at, just noting the possibility. Actually, I’m not sure that they’d survive much downside here at all. Me thinks they have to push up from here a bit more. If I’m right, this is a corrective or pause before another large leg down. 

More to come below.

Have a good day.

GL and GB! 

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