DrStool

right shoulder just a little weak.

I have a feeling Monday's gonna be ugly.

SPX 3 day cycle projection 2775. 5 day 2785.

OK. Little shakeout, now here they come.

oops

Good question! China is sandboxed. It's not fully integrated with the rest of the world liqudity pool. Sure there's some capital flow, but it does not flow freely in and out. Has its own banks. Primary Dealers for the Fed, BoJ, and ECB are not big players. The can't take PBoC money and directly use it to buy Treasuries. And I do not believe for one minute that its central bank data is reliable. So I'm not going to add it to the Big Three composite that I chart. So I use the Shanghai Dow as a proxy for whatever is going on in China. I also track Fed custodial holdings which include China. I do consider China as an important peripheral influence.

2 and 3 day cycle projections pretty much done 2801-03. But 5 day points to 2792.

My free thinking this week. Fed FOMC Statement May Be Dovish, But Here’s Why It’s Not Bullish Inflation is Higher than CPI Says It Is and the Producer Price Index (PPI) Proves It Stock Market Outlook For the Week of March 18-22, 2019

I have been of the opinion, and have so stated, that when this ends, it will end badly. I don't know if this is it or not. Too early in the day. Support right here.

Just back from the dentist. Spectacular opening half hour. Will it stick?

US wakes up. Starts buying.

Excellent. Fed FOMC Statement May Be Dovish, But Here’s Why It’s Not Bullish

Could it beeeeee? A failed test of the high?

3 day cycle projection 2865.

If they clear 2839, odds are good that they can clear yesterday's high of 2843. If not, bears should take charge.