Wages, Employment, Spending, PPI is much higher than expected. Street obsessed with a reversal, a recession yet the exact opposite is happening, revamping a heating market. The dollar and yields are no where near where they should be. On the technical we have a one month rising wedge pattern very defined in the SPX. We also have in that wedge 5 distinct waves. The major support is around 3920 area. Most bear Market last a full year, around 330 days. This one was way short (IF) the current rebound is going to continue. In other words we need to see around 3000 or 3200 on the SPX and quickly to satisfy an average bear. Holiday around the corner and the PPT would NEVER allow such a crash between Christmas and new years. it has to occur this coming week or NOT AT ALL!
the ONLY thing that holds me back declaring such a crash is here is the daily candlestick patterns for the Q's. they have had multiple bullish ones form over last 2 days. The Tuesday CPI has already been projected upwards based on the latest PPI. I am looking for a crash that started Friday and lasts FOUR trading days. Monday thru Wednesday should accelerate the drop each of those days. The wedge pattern should be destroyed on Monday.
Granted this is a HUGE wild bet and assumption. Monday has to start the big drop rolling in.
AI
