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SPX just gave me the finger

  1. Just goes to show. You can draw all the trendlines and support/resistance lines you want and the market just laughs and flips you off !

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  2. The market is on meth...
     
  3. The market is crashing up. Resistance will be broken. Similarly when the market crashs down Support will be broken. Logic goes out the windows in these cases. You would think that eventual interest rate increases & the subtly implied suggestion of a potential trade war with China will keep the market in place.