claydoctor
Short

spx500 rate decisions lines up with pattern break outs

FX:SPX500   S&P 500 index of US listed shares
64 4 1
lets call this a symmetrical triangle, as Bowkowski has labeled it, and forget the pennant and bear flag names. With all the chatter of what ifs, I say this, if they raise rates even a tenth of a percentage point it catches the markets off guard, it is NOT baked in, and we go lower, much lower quickly. Bonds and China late minutes government buying to raise its market, may be tipping their hands here. For the FED to remain credible, they have to raise, the "data" demands it. If they don't and offer hawkish language, we go higher, but not for long, and not so high, maybe to the blue line. Go to cash if you cannot handle the heat or risk, I am short, and are OK with the losses, if that is what happens, for the opportunity here.

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claydoctor
a year ago
Also, note the timing of the range boxes , purple, coming out of the diamond top, and after this latest down move. Odds of a no event and no intense market reactions happening here is 5%.
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many of us on tv follow the spx500 among other indicators
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your comments seem very creditable to me
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claydoctor Rob Wallace Williams
a year ago
Thanks for the kind words. Are you on TV? Let me know where and I will have to watch.
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