sp'weekly
Summary
I could over-complicate it, but really. what is there to say?
We have a very clear spike on the weekly candle...on channel/trend support. Based on previous cycles..we should get at least a few more weeks to the upside.
*The 'Deflationland' target of sp'1750 looks right on track for late Oct/early Nov.
On any basis, that would make for a far better level to launch a re-short..if conditions look toppy.
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Video update from Biderman
*Indeed, the shutdown was always a minor issue, and the interest payments can easily be paid.
The politicians have just been playing mind/fear games with the ignorant masses again.
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You can see a daily reversal candle on Oil.
*I am long from 36.50..looking for an exit in the mid 37s next Mon/Tuesday.