The S+P 500 has created a high risk "throw over"
pattern, which if violated , could send the S+P plummeting back towards
the March 2020 lows of 2191.
This same type of" initial bullish breakout pattern", in the summer of 1987, ultimately failed..
and the "failure of that throw over pattern led to the stock market crash of October 1987.
Bearish divergences continue to mount, and market leadership continues to concentrate in big high cap tech stocks.
Big money is floating in the "big boat of technology', noticeably all at the same time.
The thinking is that these mega cap stocks, which have earnings released this Thursday 7/30/20
will provide big money the ultimate"cush 'in earnings, to survive whatever time it takes to outlast the dreaded unseen "pandemic"
But put another way.
The great Titanic of money the stock market, sails in the best high class manner, bringing royalty to their ultimate destination
However, if you remember,it was the "iceberg" they didn't see,
that ultimately doomed them all,.. to the bottom of the sea.
THE_UNWIND
7/25/20
NEW YORK
pattern, which if violated , could send the S+P plummeting back towards
the March 2020 lows of 2191.
This same type of" initial bullish breakout pattern", in the summer of 1987, ultimately failed..
and the "failure of that throw over pattern led to the stock market crash of October 1987.
Bearish divergences continue to mount, and market leadership continues to concentrate in big high cap tech stocks.
Big money is floating in the "big boat of technology', noticeably all at the same time.
The thinking is that these mega cap stocks, which have earnings released this Thursday 7/30/20
will provide big money the ultimate"cush 'in earnings, to survive whatever time it takes to outlast the dreaded unseen "pandemic"
But put another way.
The great Titanic of money the stock market, sails in the best high class manner, bringing royalty to their ultimate destination
However, if you remember,it was the "iceberg" they didn't see,
that ultimately doomed them all,.. to the bottom of the sea.
THE_UNWIND
7/25/20
NEW YORK