Good v evil
On to the lie -
After yesterday’s hiccup that brought cash back through 4900 the minis are up 25 this morning. Deleting 4900 was a bit of surprise. 4800 and 4700 offer good support. Both round numbers house the 20 and 50dma. Problem is, the resistance diagonal for this recent sucker rally is also down at 4700. This should demonstrate how SPX is really extended here. Needless to say two reversal overthrow situations happened in this giant farce now forming a potential Head in a HnS situation. Neckline 4100. Target? STB’s favorite SPX 3200.
More to come below.
Have a good day.
GL and GB!
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