It’s that time again. After fading Friday’s fake news trade deal, it’s time to plot out the next few weeks of our analog.
Futures are off mildly in what should be the next to the last hurrah before a substantial correction.
But, as has often been the case lately, VIX is threatening to dash the bears’ hopes — this time with a plunge below its SMA200. Can the bears finally maul the algos?
The only person who seems all that excited about the trade deal is Trump. Mnuchin was completely unconvincing and couldn’t even muster a lie on CNBC this morning. And, Liu He practically rolled his eyes during Trump’s self-congratulatory announcement on Friday. No one was fooled, and hopefully no soy bean farmers have rushed out to buy new acreage as Trump suggested.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |