Good morning STB!
Very little of what you read or hear can be trusted, and that which is real is usually bent in a way to mislead you. Sadly, the Bible is all there is that’s left for truth (and those have been rewritten or manipulated as well). Some of us that have gotten really good at narrative translation can still be misled. Bottom line is evil rules this world. Trust nothing the government says or their data. Orwell was a genius or given a vision.
Good v evil
On to the lie -
Minis off 41. Monday and Tuesday they tried to make a run at breaking the downtrend. Yesterday shut that down, and today’s open isn’t helping. Another lower low and gap down will be set at the open today. My last two support lines on my 30m chart will be gapped through at the open. The 200dma is going to be gapped through at the open as well. That’s brutal! 6550 is next price support, and 6520 would mark a significant lower low that could trigger extreme selling. Looks like I may get to start discussing my favorite number 3200 again. They’re (PPT) doing a great job, for now, controlling the fall. For those looking for relief, you want a right shoulder to form near here and a bounce back to 6800. A fall to 6100 price support or 6000 round number would be a good first phase to this cycle.
Someone in this war just can’t help themselves from going a bit too far and inflicting damage where they don’t need to. I also trust very little of the reporting. If oil gets through 125, then 147 will be the next stop.
Have a good day.
GL and GB!
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