claydoctor

SPX500 long term TL in focus

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FX:SPX500   Indeks S&P 500
0
The long term TL is now in play, right at the 2040 horizontal support. Indicators are clear and trending strong. Watching the red box, once we are there, then the major music begins. If the puppetere is real (the true manipulator of this market), and he/she/them has strings in play, then would be the time to pull back the curtain and see who it is (or them). It may NOT be the FED after all, but don't tell me the stock market is NOT one of their data points, and it may well be weighted to up to half of their shadow data. Again, if they raise, dollar strengthens, and that is bad for markets now. If they do nothing, that speaks volumes that the economy is still weak, despite ALL THEIR EFFORTS and ZIRP, and that speaks volumes now. I think either way they loose, and we have consolidated (triangle) here waiting for a decision, waiting again, and the markets will draw their own conclusion. In the absence of leadership, the people will make their own choices, and people protect their own, and their money.
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