The Day Ahead: PM Edition 2021-12-01

S&P 500 reaches the overhead targets for the day and falls apart

Dec 02, 2021

∙ Paid

Bonds

ZB poked above the November 9th high today but didn’t hold it. As stated previously, I can’t endorse higher at this point but fading before better confirmation is aggressive. Notice the negative divergence on the cyclic smoothed RSI at the top of the chart while the Lomb Periodogram, the solid red line at the bottom of the chart, is forecasting a c…

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