I've been on S+P topping watch for the past 2+ months. The top has eluded me. But the character of the chart seems to be getting more nervous. We are also at another potential ending diagonal 5th wave. Usual ending diagonal rules apply. If it can do a little breakout throw over, touch the top green resistance line and then fall back through the top and then bottom lines of the diagonal then it will be a clear sell signal for anyone watching the charts. Shorting the S+P at today's price of 1844 with tight stops seems like a good risk-reward scenario given the shape of this chart.
The fake, fed-driven valuation of the stock markets will evaporate at some point just as quickly as it was breathed into being by the fed. The fed giveth and the fed taketh away, but only after the elite have squirreled big profits out the back door while the pension and 401k funds of the common man are used to bid these indices up to Ponzi prices. Before this Ponzi is finally over, everyone will be cursing the day they ever put one dime of their wealth into these fake paper assets.
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