Pump the SPX Ponzi - Long live the Munee Printer!

SPX500USD It would appear to me, price action is in some kind of suppression range like it was before an explosion upwards. If we simply grab the bars pattern from the upward move and overlay them into the channel, you get the following price action respecting future channel boundaries, until the end...

So with all that price speculation in mind, let's consider why SPX would continue higher in the first place. Well, economic numbers, simply. Everything is GREAT!! Inflation is down, more jobs are being created, banks are "STRONK and resilient" and there is no housing crisis (tongue firmly in cheek). I wouldn't expect a market crash during an election cycle either. What's the point of losing credibility over a monopolized monetary engine that creates money out of thin air, lends it to a borrower with $35T of debt, then having to face congress and be verbally held accountable for why you kept serving the drinks to an already drunk customer that went out and caused and accident! No one wants that, so I expect more Brrrrrrrrrrrr for now.

Cheers!

Comment:

Possible deep bearish Crab in the works?

Waiting for PRZ validation at min 2.0 Fib ext.