This one looks going to the wire
Comment:
I hear some are mentioning inflation going down is negative. Currently we have GDP accelerating while inflation decelerates which is the best combination for stocks (e.g. 2013 year when SPX up >30%). It is never a one factor model!
Comment:
Very constructive action today as so far critical level defended on the way to 2479
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Solid sector rotation so far keeps pullbacks limited
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Another constructive action today with hallmark sector rotation. Have we seen this before? All the time since 2012
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Up to the FED to rattle the apple cart. Constructive otherwise
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The bullish scenario is dovish hike which causes SPX to reach 2479 into OPEX Friday and then we could make the case that this Wave of larger degree is over
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The triangle could be a bit different, then Wave 1 could have been much shorter, then this would fit the overall structure into the above mentioned outcome. Let's see in few hours
Comment:
Constructive consolidation above 2404, even above 2420. So far so good but vol is slightly increasing as it should be within a distributive top forming
