The come back to upport part of 8 year channel at SPX
This looks bulish based on technicals. they even not tested 55 EMA on weekly.
Some sideway would be nice for next couple of weeks to clear the air
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There have been 23 items by SiP (Search limited from 21-August 17)
Only equities panic and VIX
no real panic at FX like USD or bonds or gold. This looks like sell-off. Would not be shocked by NEW high by late march 2018.
Nevertheless first reall support at 2510 (55 EMA weekly sp500)
Its not true what you wrote
there isnt any text in the link which point to that.
"The second episode, which aired last week, highlighted another aspect of the drought. It shows how farmers are using treated oil wastewater to irrigate their crops, despite the fact that nobody has tested the wastewater to see if it's safe.
"There are farmers so desperate for water in one particular irrigation district called Cawelo, they're taking some wastewater to irrigate crops from Chevron. It's being used to grow food for people—citrus crops, grapes, pistachios," Tom Frantz told Deol in the episode.
"You grow an orange—it's 90 percent water when it gets to the consumer," Frantz continued. "Where did that water come from? It's the irrigation water. The irrigation water is toxic, even at very tiny amounts. Is there a tiny amount of toxicity now in the fruit? Nobody is testing that yet. And they're salting up their soil by using this water, which means ultimately they'll have to stop growing everything.""
Chartology, text in polish but charts straightforward
DJT - hit 30 year long resistance
DJIA - line from 1929 - 28k as a resistance
SP500 - 3040 real resistance, before 2940
EURUSD, USDEUR, DXY - all looks nice for a correction.
and others with look at polish equity market (WIG, WIG20 etc)
is this the real thing?
I understand that without real debt limit deal for e. g. 3 years there wont be 500 bln usd money supply recommended by TBAC.
So this money is small and non event
Done quick research in Polish that its the strongest bull in US history
at least you would understand charts - I compare RSI (14) on weekly and monthly basis
in short, the market never fall, and if fall, it didnt crash (if crash then like after 12 months ahead)
also at 18th march 2018 it would mark the longest period in us markets history without 5% correction
please provide direct link because there isnt any Weekly Bear on the site newsletter on anything like that.
1. Did they increase the debt limit?
2. Will there be a huge money supply this quarter?
Or more simply - it the TBAC estimation and recommendation still valid?
If yes then we should at least sell stocks and start building shorts.
Do I get correctly that if they agree to 3month debt ceiling agreement, there wont be any large UST supply in Q4?
DId this happen in the past that TBAC decision was overwritten by politics?
Trump Sides With Democrats on Interim Debt-Limit Fix, Harvey Aid
House Crazies Angry At Trump’s Debt Ceiling Deal, Threaten Paul Ryan
Regarding 3mths debt ceiling extension I cant find any number. only couple bln state aid for Harvey.
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