claydoctor

spx500 chart update

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FX:SPX500   S&P 500 index
0
from the previous pennant chart, close up, we see and end in sight. 50/50 rate hike voices heard everywhere, or the doji of all dojies, at least past 6 years. bollinger tightening. Any day now, a change is coming. A thought. With all the 50/50 talk, which side will be caught long/short and have to sell ahead of friday's options expiration. I see a huge move either way. But I say they hike, maybe not the whole 25 pts, but a hike of some kind, and their major move will be silent, unwinding of the lesser known QE measures. And since only 25% of the markets are expecting a hike, lots more than 50% will be wrong, and have to cover or sell.
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