SP500 Review

The SP500 has been dragging its feet and really has gone nowhere fast.

The media constantly talks about a recession but the markets are still sitting at record highs.

You would figure prices of the indices would be sliced in halve buy now, but they are not.

Any Tweet by Trump could get investors running for cash as we still have 2.5 months of time left when markets take the time to crash.

October, 24,1929 would be a 90-year anniversary date.

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US Dollar Daily Chart Review

 

Since early 2018 the US dollar has been on a bullish march that defies logic as a 5th wave. We are now sitting 0n the 200 MA line which supplies some type of support, at least temporary support.

It should be a deeper correction if the previous 4th wave is a Minute degree. Only time will tell. You would figure gold would react to the USD decline but it has been rather subdued through the entire US Dollar decline. Even silver has been very docile lately as it has moved very little.

 

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