Mr. Market has choosen to ignore the Aug 8 FibTime Cluster and leaves us with no clear clue for the now....
The Wedge Pattern is still in play with the lower boundary now moved up to approx 1115.
China (shanghai comp) is down 1.82 % as we speak with with Copper and the Euro showing weakness. All we know is that the Wedge is mature and will resolve btw. now and the next week.
We also know that the entire Market has frontrun some notion of a super stimulative FED 'surprise' for this week. Complacency is rampant !!
"A struggle against gravity is always a struggle against time"
MAY THE GAMES BEGIN.....
All of my indicators are once again screaming for a HUGE down move tomorrow into OPEX. Let's see how it plays out.
ReplyDeletePS: One of my indicators is even predicting a BIG crash that will take us all the way to 900 and below levels in the next few weeks. Let's see if we get it. :-)
Finally something is working "as expected". Rather "better-than-expected". :-) LOL
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