Alternative Path

[gdl]

Strange stuff. Bitcoin has and had multiple bearish candlestick patterns and it rallied. SPX has multiple bullish patterns and it managed to drop slightly. My timeline is once again terrible. We should have closed deep down Friday if we were about to drop hard next week. It is however unlikely we have to wait for the FED to actually reverse and drop the Fed Funds rate for there to be a deep drop.

Next week we get more indication of economic activity and more importantly a drum beat of confirmation that the FED is hiking higher and longer.
With the street oblivious to these announcement it must not care if the Fed Funds hit 6% or not. In the past it spelled immediate problems.

I marvel at the ability to ignore how to connect the next dot. I guess we wait till that dot is connected.