For those that have been following my observations and commentary over these weeks, I present the “where we are now” picture below. To wit:
The above is a chart of the S&P 500™ futures as I type this. I have pared it down showing just the most pertinent facts/observations from my perspective. All levels, lines, bar/candle time frames and others are the same, just a more simplified view with a few annotations.
As you can clearly see the running hypothesis I’ve been articulating these many weeks appears to be playing out as argued, where we have now reached what I would deem – a critical juncture. It is notated on said chart.
For those wanting to see all prior you can start by going here.
As always, we shall see.
© 2019 Mark St.Cyr