Real investors are troubled by what they see. But, so far at least, TPTB have been able to keep the crap game afloat.
If we didn’t know any better, this would be a great time to get really, really nervous. But, fortunately, our analog provides a great road map as to what to expect in the coming month or so — starting with today’s dip to 2090-2092 as forecast a week ago [CIW Apr 23, 2015]:
I’d be shorting here at 2118.85, with a target at 2090 and stops at 2125 or so.
The US dollar is threatening to break down.
The euro is threatening to break out.
The yen is acting positively schizophrenic — going nowhere during yesterday’s turmoil, and dropping like a rock today.
And, CL continues to make new post-crash highs.
Despite all the noise — and, that’s exactly what it is — we’re still quite comfortable with our SPX targets.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |