$SPX: It Was a Shark
This comes a bit late but after the close I started looking for anything that might offer forward guidance.
I came up short on that effort, but noticed the harmonic I am sharing with you which has really decent ratios.
On the short from D, usually you get about 61.8% of the CD leg (96 pts) but we got a bit more.
With the exception of sovereign yields, everything was "risk on" today but the market struggled with plenty of buyers. Odd day perhaps it being Friday.
That said, short term I am leaning to the long side although will only take longs at proven levels and on green 30 min or 60 min candles assuming bonds yields are not flashing red.
Until the referendum, its hard to have a long term plan although I am very pessimistic on the global economy.
I came up short on that effort, but noticed the harmonic I am sharing with you which has really decent ratios.
On the short from D, usually you get about 61.8% of the CD leg (96 pts) but we got a bit more.
With the exception of sovereign yields, everything was "risk on" today but the market struggled with plenty of buyers. Odd day perhaps it being Friday.
That said, short term I am leaning to the long side although will only take longs at proven levels and on green 30 min or 60 min candles assuming bonds yields are not flashing red.
Until the referendum, its hard to have a long term plan although I am very pessimistic on the global economy.
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