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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.79+0.6%4:00 PM EST

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To: JMTrader who wrote (163855)11/23/2021 6:45:41 AM
From: GROUND ZERO™2 Recommendations

Recommended By
JMTrader
Machaon

   of 221365
 
Sure, it could open in the green, it could also trade deeply in the green today, and tomorrow, but look at the $VIX and the outside key reversal patterns in nearly all the market indices...

The day of consequence may be near...

We already know these markets have been running non stop and the "fear of missing out" has pretty much been driving and dominating the rally...

If reappointed, and I'm very sure he will be, Powell will be joined at the hip with that lunatic White House puppet, this is going to change the thinking of the FED in a way we're never before witnessed, it will be more political than ever before which is completely the opposite of the FED's original purpose and why it was enacted by Congress in the first place with the Federal Reserve Act in 1913...

There's no coincidence that yesterday these markets began to display credible topping behavior in so many markets...

Of course, these markets will surely continue much higher over time, I'll buy any good pull back from here without hesitation, but in the meantime there are too many stress cracks popping up that could cause a reset...

I'm already prepared for that possibility and am being very patient...

That's just my two cents here...

GZ
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