A barrel of monkeys is no barrel of laughs
Updated
I'm a bit worried about what's occurring on the 6 month of the S&P. we have made reversions to the 200 day and 200 week, we have found support, but are encountering the weekly ema band as resistance. if the reversion fractals into a monthly we may align w a trip to about 2100, if we are to continue into a 6 month reversion the 200 of the 6 month kind of cutely aligns with the 6 month vector breakout from July 95. This resides at about $600 on the S&P. which would more or less align with an 88% retrace from the highs we put in last year. There are many factors at play here, fed tightening of balance sheets can runoff liquidity that retail and institutions just can't absorb imho. I believe there is a squeeze into september, but I'm very worried what next year brings. A complete rebalancing of indices seems to be ready to happen. Technology needs to be broken into sectors, industrials aren't what they once were, energy will be revalued, precious metals may need new basis pricing, and the world has been put on hold as much as we have returned to "normal" I do think there is an economic boom like never before that comes out of this, but there is some real potential that this whole thing collapses first. Problem is this would just be a reversion to the mean as we have been extremely extended from the point of control. I don't even want to consider a loss of the 6 month 200, but it happens to all align approximately on pi day next year 3/14... go figure right... GL stay safe... def not financial advice
Note
Note
one year later still kinda think the same
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