Rally Destination Reached "Short ! " 11/15/23
S+P 500 Futures ES "rip your face off"
Counter trend rally of 100 points points
in the last week has reached its potential destination point
at this mornings high of 4541.25, after a much weaker than expected
US Producer Price Index for October.
The sharp snapback rally to 4540 Weekly Uptrend Line
previously violated is the chart "set up" here.
Note the very bearish divergence position
in the Weekly KST Indicator Shown Here), rolling over as price rallies
,making a top below a top in this important intermediate momentum indicator.
The "crowd" are believers again.
Inflation has peaked, and US stock prices are roaring ahead
It's an accident waiting to happen "price reversal,"
that could catch this crowd "blindsided", at the end of the year,
as their delusional fantasy of ringing out inflation now... simply fails to come true.
THE_UNWIND
WOODS OF CONNECTICUT
Counter trend rally of 100 points points
in the last week has reached its potential destination point
at this mornings high of 4541.25, after a much weaker than expected
US Producer Price Index for October.
The sharp snapback rally to 4540 Weekly Uptrend Line
previously violated is the chart "set up" here.
Note the very bearish divergence position
in the Weekly KST Indicator Shown Here), rolling over as price rallies
,making a top below a top in this important intermediate momentum indicator.
The "crowd" are believers again.
Inflation has peaked, and US stock prices are roaring ahead
It's an accident waiting to happen "price reversal,"
that could catch this crowd "blindsided", at the end of the year,
as their delusional fantasy of ringing out inflation now... simply fails to come true.
THE_UNWIND
WOODS OF CONNECTICUT