Daily S+P 500 Line/Break Chart shows an important sell signal
would be trigured on a close below S+P 2810.62
The Fed highlighted at their March meeting yesterday the growing softening in world and US economic conditions,
by remarkably saying that there would be no further interest rates increases for the balance of 2019.
The complete turn around in Fed posture in the last 3 months from very hawkish to very dovish, is historical
and has Wall Street wondering what the Fed might know about future 2019 economic prospects than they do.
The 10 Year Bond in turn broke important support at 2.55% yesterday on the Fed announcement
and is trading atmajor handle 2.50% this morning, indicating that the bond big money traders believe what the Fed is saying.
As I observed yesterday, the signs of the real economy slowing have been completely telegraphed,
by the rapidly growing and very obvious decline in the Dow Transprtation Average.
The broader market now seems to be playing catch up, to the obvious.. slow down " Realization."
Short Break of 2810.62 Close.
SPX Last 2824.23
THE_UNWIND
3/21/19
Mountains/New York
These market observations are my own original ideas printed here,
and should not be considered trading advise of any kind.
would be trigured on a close below S+P 2810.62
The Fed highlighted at their March meeting yesterday the growing softening in world and US economic conditions,
by remarkably saying that there would be no further interest rates increases for the balance of 2019.
The complete turn around in Fed posture in the last 3 months from very hawkish to very dovish, is historical
and has Wall Street wondering what the Fed might know about future 2019 economic prospects than they do.
The 10 Year Bond in turn broke important support at 2.55% yesterday on the Fed announcement
and is trading atmajor handle 2.50% this morning, indicating that the bond big money traders believe what the Fed is saying.
As I observed yesterday, the signs of the real economy slowing have been completely telegraphed,
by the rapidly growing and very obvious decline in the Dow Transprtation Average.
The broader market now seems to be playing catch up, to the obvious.. slow down " Realization."
Short Break of 2810.62 Close.
SPX Last 2824.23
THE_UNWIND
3/21/19
Mountains/New York
These market observations are my own original ideas printed here,
and should not be considered trading advise of any kind.