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All The S&P 500 Support And Resistance Levels That Matter
Given today's extremely technical trading, we thought it appropriate to lay out exactly where the next stop hunts (up and down) will be...
Trade Accordingly...
Source: BofAML
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this ride is getting old
By God I think we may finally get that interim retest of 2040 after the earnings phoney baloney show and other whipser bullcrap is over.
Then it gets interesting in September.
please, doing technical analysis, much like talking about "prices", is a fool's errand under the current conditions.
As Chuck D says, "Bring the noise!"
https://www.youtube.com/watch?v=RBA-xi8WuCU
That's one scary chart. It looks so unnatural, as if it were banker-made.
Machine made.
STOOOPID CHART!
Ya call that TA??
Is there someone else that we can second guess correctly besides China, Da Fed, Soros, Koch,
USD, EUR, Iceland, Greece, Puerto Rico, Goldie, Jpm and multiples more.
This is getting way to easy.
Of course my Obamama stash went to Au, and I enjoy watching the game,
LIke old time Baseball on the AM Radio.
I'mma buy a dog on September 13th and name it Shemitah. ;)
Yes it is, all of it actuallly not only the "market".. but
"will the Fed raise rates"?
Ukraine vs. Russia
Greece
Puerto Rico
syria
Iran
Mideast in general
obamacare
debt ceiling
IRS
NSA
Why do all the supposed crisis i.e. black swans fail to move beyond a 2 day news cycle and then crickets??
Because they all subscribe to quantity matters not quality.
It's the way of the world - masses.
a better question is why do we keep expecting them to, underestimating TPTB
This sideways movement for over 6 months and low volume is actually bullish on a technical side.
yes technically. but something doestn fit. aaii has net bearishness and ton of neurtral.....bearish b/c the mkt hasnt gone up hardly over the past 6 months?? neutral b/c people know subconsciously this kind of 6 yr run is far from 'normal'.
retail claims to be 'nervous' but isnt selling. makes me think that once, or if/when, we hit -7% there will be a fast fall to -15%.
a handful of stocks carrying the indices, massive massive underemployment and uner 35 massive unemployment....massive regressive tax via ACA; me thinks people just dont like whats going on, and may just cut and run all at once....if they knew how or their brokers would let them.
It didn't happen overnight. It's Been like this for over 7 years now. You say it like it matters.
Even at way worser moments the market rose. All things concidered, things are looking up for the markets.
We're at war on every front of the world, banks a way bigger, derivatives keep growing, regulations are out the window, Private companies run the white house, nobody gives a fuck about anything and people rather talk to other people on facebook then face to face.
The world changed these last 7 years. Less people are scared of a crisis because it has become so fucking boring to be scared all of the time.
Almost like it was.... Planned?
Oh well, there's this little private printing company that has about 4.5 trillion reasons NOT to let STUFF depend on coincidence.
a steeper climb for longer than the 1996 to 2000 run. at least then we all thought the internet and new millenium would be Wonderful!
today.....??---or we are supposed to be enthused that we can borrow all we want for 'education', and subprime autoloans, and 'healthy real estate' means borrowing 4x gross income?
furthermore....'beware the bond bubble, but stocks will be fine'. these people, Greenspan, dont seem to realize that western financial system would seize up if 10yr rates went up by 2% over a 12 month period of time.
Kevin Henry will defend stocks with all his will! He is the peoples champ!
2011 wasn't that the blow off top in Ag and Au /s