Moment of Truth

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First, press play and turn up your speakers:

Okay, thanks.

This morning I showed you the Nasdaq going back to 1986. Let’s look at a simple S&P SPDR chart, no moving averages or RSI or fibonacci bullsh*t, just price:

moment of truth

 

Is this it? Do we punch through? Are we ready? Do we deserve it? Does it matter?

Or are we turned away – or worse, tricked with a new high and a donkey-punch reversal gap down while we’re sleeping?

I don’t know. I wouldn’t be making a big bet in either direction right now. Too much at stake.

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