@ukarlewitz
Could also argue that average consolidation gets us to aug or sep w/ at least one test of ~2400, but what will be rate impact at that point?
@ukarlewitz
i’m sorry, but this is the lowest effort, shit-tier attempt at TA I’ve ever seen in my life. you don’t seriously do this for a living, right?
do better, *squints* Urban Carmel
@ukarlewitz
Reality of markets:
Indexes near YTD lows.
Soaring earnings and news flows and a 2.3 higher GDP print are being rejected.
All loan categories show problems. Inflation is rising. Rates are higher.
Inv want to believe to fairy tale.
Someone is sniffing out trouble & is selling?
@ukarlewitz
silly boy. the coil from 1/26 ended yesterday at the close, 2670. now we head for spx 3530, the measured move objective. should be there no later than late jan 2019.
@ukarlewitz
Funds are concerned the earnings cycle peaks in 2019 and are taking some profits. Market is looking 24 months out toward possible slower growth higher yields