This one looks going to the wire
Commentaire:
I hear some are mentioning inflation going down is negative. Currently we have GDP accelerating while inflation decelerates which is the best combination for stocks (e.g. 2013 year when SPX up >30%). It is never a one factor model!
Commentaire:
Very constructive action today as so far critical level defended on the way to 2479
Commentaire:
Solid sector rotation so far keeps pullbacks limited
Commentaire:
Another constructive action today with hallmark sector rotation. Have we seen this before? All the time since 2012
Commentaire:
Up to the FED to rattle the apple cart. Constructive otherwise
Commentaire:
The bullish scenario is dovish hike which causes SPX to reach 2479 into OPEX Friday and then we could make the case that this Wave of larger degree is over
Commentaire:
The triangle could be a bit different, then Wave 1 could have been much shorter, then this would fit the overall structure into the above mentioned outcome. Let's see in few hours
Commentaire:
Constructive consolidation above 2404, even above 2420. So far so good but vol is slightly increasing as it should be within a distributive top forming
