So here we are on this Monday, which is the start for possibly the most important week for resolution as to whether this observation I’ve been updating (prior start here) moves into any fruition. Or, the Federal Reserve proves, once again, its omnipotence in all things concerning money, markets and politics.
Below is the latest as of ~9:45am ET via the S&P 500™ in hourly increments.
As is clearly seen – we are now at that critical juncture in both time and price that either we go barrelling higher than a SpaceX™ rocket-ship. Or, that black box represents the real perils of black sky territory and suddenly the boosters falter and things become perilous. To wit:
As always, we shall see.
© 2023 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.