All I can say, is what I said on the show and what I keep repeating ad nauseam: “It’s all a bit too technical.” Today, so far, is that in-spades. To wit:
To anyone that has ever dabbled into the world of technical analysis, what the above demonstrates is a live “text book example” following the text book rules. It’s simply, to once again repeat myself, “a bit too eerie.”
The above is as of ~1:00pm ET via one minute increments.
What happens next is anyone’s guess, as always. However, with that said…
The above further fortifies my thesis for possible trouble, not diminish it.
As always, we shall see. But there we are as of this moment for those that want to know what I’m watching.
© 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.