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Capitol Insult


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market is doomed

 

take a look at SPX on deadcharts using monthly data if you want a laugh

 

I cannot believe the extreme bullish complaceny and optimism that exists after looking at that pathetic chart. We've barely budged off lows.

 

What a joke :P

agree - I just pulled the trigger on some BRPIX, will add to that the URPIX when the action really starts to the downside.

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SG dings

 

The QQQ pattern looks like a running horizontal 4th wave triangle.

 

It should break down and head in a 5th wave to 25.44 to fill in the gaps.

 

This could complete the ABC corrective off March 21 highs of 27.38

 

Im expecting lower targets before its over on the downside

 

SG still expects higher than yesterdays highs coming afterwards for sure.

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SG Trade update

 

CPN roundtrip now over

 

In at 3.36 to 3.40 ranges, most out at 4.07 to 4.10 last week.

 

Just sold last 20% at 3.89

 

Back in perhaps at 3.50 to 3.60 for another trip over $6

 

Cheers

SG

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