Good morning STB!
With the war and shutdown distractions, I can’t wait to find out what’s been happening behind the scenes. They haven’t been able to get us off the E files or other pressing issues. They’re going to need a lot bigger distraction, or take social media away (algorithm and search control even in X is getting bad). The internet is dead. Trying to figure out how we come out of this war and when. I think they really want peace, for personal prophetic reasons not for the rest of us. Remember the technocrat transhumamists are taking control. Point all compasses in that direction.
Good v evil
On to the lie -
Minis off 33 after yesterday’s crazy ride. Somehow the 30m chart seems to remain in play and my best target chart. That means they’re controlling the fall well. That said, it’s barely in play unless they can drive prices higher. SPX closed at the 30m 50ma resistance near 6600, the lowest possible resistance point on that chart. The 50wma at 6485 is key support. Daily chart is meh except the 200dma at 6625 resistance. So, that’s your window for now, 6625 - 6485. Things look to be set up for a possible rebound of some sort. If you’re trading futures, it’s a nice lane to be in. PPT seems to have a good handle on things. Monthly chart is interesting, but something really has to give to bring those numbers into play. Oil at125 was possibly the peak there, but the shortage hasn’t been felt yet at home. Nor has the helium shortage on the chip sector. Let’s not forget about PC and the bank crisis, jobs, AI, and the plethora of issues being overshadowed by the war. Lots of bad out there.
Have a good day.
GL and GB!
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