Note the Short Term Rollover Sell Signal in the KST Indicator S+P 500 15 Minute Chart this morning.
Home Depot's earnings shocker, has sent the Dow down 250, while the Nasdaq 100
continues to rise methodically in a perfect symmetrical triangle.
Thus,a tale of three different markets, all acting in a way
that causes traders the "most amount of second guessing pain possible"
The ticking time bomb of a "debt ceiling negotiations impasse"
hangs over all US markets as the financial credibility of the US could soon face the maker.
Grim tidings indeed.
However US markets are poised to breakout significantly
in a way that will fly in the face of conventional expectation.
There is a lot of pessimism out there sentiment wise.
So what you think might happen,absolutely won't happen.
The way markets react to a potential debt ceiling "compromise" is uncertain.
The way they will react to no agreement at all. Well, that's the financial unthinkable.
Playing with fire is now Wall Streets burden to carry,
and as the days pass towards the June 1 deadline for agreement,
all bets are off on how this all eventually will play out.
Why ?
Because no one really has a clue. La La Land
SPX NOON OPEN 4126.13
THE_UNWIND
WOODS OF CONNECTICUT
Home Depot's earnings shocker, has sent the Dow down 250, while the Nasdaq 100
continues to rise methodically in a perfect symmetrical triangle.
Thus,a tale of three different markets, all acting in a way
that causes traders the "most amount of second guessing pain possible"
The ticking time bomb of a "debt ceiling negotiations impasse"
hangs over all US markets as the financial credibility of the US could soon face the maker.
Grim tidings indeed.
However US markets are poised to breakout significantly
in a way that will fly in the face of conventional expectation.
There is a lot of pessimism out there sentiment wise.
So what you think might happen,absolutely won't happen.
The way markets react to a potential debt ceiling "compromise" is uncertain.
The way they will react to no agreement at all. Well, that's the financial unthinkable.
Playing with fire is now Wall Streets burden to carry,
and as the days pass towards the June 1 deadline for agreement,
all bets are off on how this all eventually will play out.
Why ?
Because no one really has a clue. La La Land
SPX NOON OPEN 4126.13
THE_UNWIND
WOODS OF CONNECTICUT