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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (82292)10/21/2023 12:07:28 PM
From: ajtj994 Recommendations

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After a double top at 6324, the SPX Equal Weight appears on the way to test the Oct. 2022 lows. The timing of such a low appears to be 4-weeks from now:

schrts.co

This is kind of setting up like a fall 2018 market, although this is not a J.P. Morgan induced drop like then.

I'm no expert, but I wonder if the debt ceiling issues have back-loaded market nastiness into late 2023. The flood of T-bills being issued in such a short time appears to be overwhelming the market's ability to absorb them.
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