Clear Rollover Market Top
No one really saw this coming
A world economic slowdown at our doorstep...?
Right now...?
Talk about an early Halloween trick or treat.
Just 48 hours ago, the Federal Reserve Bank Chairman of the United States
exuded confidence that the central bank was threading the needle
on both dual mandates on their charge, inflation and job growth.
Well so much for that.
Todays US job report for June,squashed the endless bubble that had been brewing.
US economic growth and massive debt financing,finally caught up with big business.
Don't feel too sorry for them. They still make billions.
Technically the two charts included here,show a clear rollover stock market top.
I mean if it wasn't so classic a rollover pattern it then it wouldn't have been so obvious.
The S+P 500 has topped, and rolled over.
The VIX hit 30 today.
SPX Close 5346.55
I'll let you guess how this is all going to play out,.. in the weeks and months ahead.
THE_UNWIND
WOODS OF CONNECTICUT
A world economic slowdown at our doorstep...?
Right now...?
Talk about an early Halloween trick or treat.
Just 48 hours ago, the Federal Reserve Bank Chairman of the United States
exuded confidence that the central bank was threading the needle
on both dual mandates on their charge, inflation and job growth.
Well so much for that.
Todays US job report for June,squashed the endless bubble that had been brewing.
US economic growth and massive debt financing,finally caught up with big business.
Don't feel too sorry for them. They still make billions.
Technically the two charts included here,show a clear rollover stock market top.
I mean if it wasn't so classic a rollover pattern it then it wouldn't have been so obvious.
The S+P 500 has topped, and rolled over.
The VIX hit 30 today.
SPX Close 5346.55
I'll let you guess how this is all going to play out,.. in the weeks and months ahead.
THE_UNWIND
WOODS OF CONNECTICUT
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