Where Things Stand: Update

The “Markets” as I currently type this (~7:15am EST) have, once again, drifted lower into the highlighted area I’ve noted previously as the “Danger Zone.” Where they go from here is anyone’s guess. However, as I said on yesterday’s show, although the “markets” had seemed to rocket out of their latest incision into said area, I was portending they would reverse back. My only question was “how much and by how fast” for further signalling. The context was “4650 and how quickly would be a key, for me.” By the day’s end – we were already there and is precisely where the “markets” now currently stand. To wit:

(Chart Source)

All I’ll add to the above is this…

That $4.5Trillion dollar line of demarcation created by the Fed in the last 22 months seems to be succumbing to its own monetary questioning for implied support.

As always, we shall see.

© 2022 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.