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The Moral, Cultural, and Social Dissolution of America is Here and Bullish 11/4/20

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Actually, over the very long term, it's not bullish at all. 

But in the short run, aye, there's the rub. 

Since New York closed, the ES fucutures have been up 30, down 60, up 85, down 110, up 90, and now starting down again. 

Everybody knew how the politics would play out, both pre and post election. But the market doesn't know. It never knows. Only the pundits pretend that it does. 

The 5 day cycle projection has a plausible range of 3415-3445. They got to the middle of that. So if there's more upside in the short run, it's not much. 

FOMC Circus today. If you're trading, stick to the 2 minute bars.  And you'd better use automatic triggers. Twenty-something video gamers excepted. 

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Regardless of who wins, America is lost, simply on the basis of the number of people who voted in favor of racism, misogyny, corruption, and demagoguery. 

At 8 AM in New York, the 5 day cycle projection has now plausibly, if not probably moved up to 3460.

Click to engorge.

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10 minutes ago, DrStool said:

Wait. I thought Wall Street hated uncertaintly.  

Wall Street is certain that they can inflate this mofo, which is lots and lots of assets in all sorts of classes. no matter who wins.  Well that's  what they have to project.

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Regardless of who wins, America is lost, simply on the basis of the number of people who voted in favor of racism, misogyny, corruption, and demagoguery. 

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As Jorma said, they're betting on printing, I guess.

From Zadar, 

Do have a nice night, and a good day tomorrow. 

Good night all! 

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