Markets play a huge favor to economic policy makers worldwide,
by seemingly and uncannily "discounting news over and over again,
until it becomes for lack of a better word, baked into price.
The news the market discounts of course is "inflation" at 40 year highs
continuing to "rob " the 90 % of the population who aren't rich
doing it in broad daylight, .day after day after day.
The S+P 500 Chart with Relative Strength Indicator)
shows the index is approaching an imminent decision point,
with the rising triangle pattern rally taking it back to just under its
200 Day Moving Average at 4056 on 11/26/22
Relative Strength has already peaked short term, which continues
to put a very large question mark on this rally.
However, should the market break out "decidedly
above it's 200 Day Average to the upside , with volume
then look for institutions or big money
to want to jump on the bandwagon. Shorts should be fully aware.
"Discounting" of news short term
is nearly complete.
SPX Last 4026.11
THE_UNWIND
11/26/22
Woods Of Connecticut
by seemingly and uncannily "discounting news over and over again,
until it becomes for lack of a better word, baked into price.
The news the market discounts of course is "inflation" at 40 year highs
continuing to "rob " the 90 % of the population who aren't rich
doing it in broad daylight, .day after day after day.
The S+P 500 Chart with Relative Strength Indicator)
shows the index is approaching an imminent decision point,
with the rising triangle pattern rally taking it back to just under its
200 Day Moving Average at 4056 on 11/26/22
Relative Strength has already peaked short term, which continues
to put a very large question mark on this rally.
However, should the market break out "decidedly
above it's 200 Day Average to the upside , with volume
then look for institutions or big money
to want to jump on the bandwagon. Shorts should be fully aware.
"Discounting" of news short term
is nearly complete.
SPX Last 4026.11
THE_UNWIND
11/26/22
Woods Of Connecticut