This weekend, in reviewing my charts that I keep continuously
I noted they were showing a Bullish Chart Breakout from Friday 10/25/19
So it came as little surprise then to me, and those who I informed that the S+P 500
gapped up on the Open today and then closed at an historic all time high at 3039.42
Yet, The Dow Industrials failed to close at a record today,
and the Volatility Index or VIX actually rose today, both non confirmations if you care to observe.
Clearly the expectation that the stock market would be declining this month,
has set the stage for this strong advance in October.
Bearish commitment, including record cash inflows into the Rydex Bear Fund in October, has backfired thus far on the bears.
The Fed Announcement on interest rates this week, should prove decisive for the market's.
A Monthly Close on Friday 10/31/19 ,
below the September High of SPX 3021.99,would be the first sign
that this new breakout to an all time highs could be a clear market fake out.
True Bears never fold. I mean why would they.
Why would they ever consider doing that ?
They just lie and wait, for a better day to come out of the red, and gotcha.
Just sayin...
THE_UNWIND
10/28/19
NEW YORK
I noted they were showing a Bullish Chart Breakout from Friday 10/25/19
So it came as little surprise then to me, and those who I informed that the S+P 500
gapped up on the Open today and then closed at an historic all time high at 3039.42
Yet, The Dow Industrials failed to close at a record today,
and the Volatility Index or VIX actually rose today, both non confirmations if you care to observe.
Clearly the expectation that the stock market would be declining this month,
has set the stage for this strong advance in October.
Bearish commitment, including record cash inflows into the Rydex Bear Fund in October, has backfired thus far on the bears.
The Fed Announcement on interest rates this week, should prove decisive for the market's.
A Monthly Close on Friday 10/31/19 ,
below the September High of SPX 3021.99,would be the first sign
that this new breakout to an all time highs could be a clear market fake out.
True Bears never fold. I mean why would they.
Why would they ever consider doing that ?
They just lie and wait, for a better day to come out of the red, and gotcha.
Just sayin...
THE_UNWIND
10/28/19
NEW YORK
Monthly Close For October is this Thursday Oct.31
Halloween