Morning Post 02/07/2024 SPX

Global resistance to the evil ones is growing. There’s a lot of good out there. Question is, have they weakened enough systems to destroy us all? STB best trade. 

Good v evil 

On to the lie -

Minis up 12 only 12 away from 5k. After the open cash will be roughly 30 points away. They better hit that bogey quickly. The daily indicators are really stressing a reversal, so some sort turn is about to happen. The weekly isn’t quite there, nor the monthly. Negative divergences are forming on longer time frames combined with very overbought conditions for a huge turn. The setup, barring an “event” of some sort, looks to trigger late this year or early next. There’s a great possible double HnS setup bout halfway formed. Tick, tick, tick…

More to come below. 

Have a good day. 

GL and GB!