Good morning STB!
At this point it does not look like the two wars will spread, but you never know. I’ve been harping on how Russia in trouble, but now without Iran to supply them with drones, they’re really in deep trouble. Like the only offense/defense they’ll have will be nuclear. They’re exposed. They don’t have the capacity to manufacture enough of anything to sustain the war effort against Ukraine. Russia really needs peace, and Ukraine realistically might get all its property back. As for Israel/Iran, let’s hope it’s over soon. With Iran and Russia neutered, add China in collapse, the world may just hit a long period of peacefulness. We may be in trouble if China has hidden drones in all the land it owns by our military bases.
Good v evil
On to the lie -
Minis popping up 40. Obviously war is good for business. We know stealth QE is. They have a knack for great stick saves. Looks like another is coming. Get enough shorts lined up and whammo! Rinse/repeat. Daily SPX literally triggers a sell signal on Friday and QE comes Monday. Watch the 50ma on all timeframes. I’m not giving up on the lower high yet, but it’s bleak. FOMC will be interesting.
Have a good day.
GL and GB!
No comments:
Post a Comment
Keep it civil and respectful to others.