It was a day of considerable micro chop, the SPX printing 4124, if cooling back to settle effectively u/c at 4108. Meanwhile, WTIC settled +$1.79 (2.2%) to $81.53.
sp’weekly1c
WTIC daily
Summary
SPX: the H/S structure is clearly borderline… even if you draw it a little different. Any price action >4140 would be bullish. A daily close <4075 (to be decisive) would be bearish
WTIC: oil printed $79.37, but did swing upward to settle at $81.53, and that makes for a bullish engulfing candle. Oil bulls can argue structure is a bull flag. The concern should be if the main market breaks lower on the CPI data.
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Looking ahead
Wednesday will see the latest CPI data, consensus:
Headline y/y: 5.2% vs 6.0% prior
Core y/y: 5.6% vs 5.5% prior.
Other data: EIA Pet’ report, US T-budget (2pm)
Earnings: APOG
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Final note
Whole Foods Supermarket in San Francisco Closing Just a Year After Opening Due to Soaring Crimehttps://t.co/dnnbN9tpiT
— The Gateway Pundit (@gatewaypundit) April 11, 2023
Whilst this story details just one shop, there are others…. many… many others. Its just another sign of a disintegrating society/species, where retailers are deciding to close, due to the low end thieving scrubs.
Rome continues to burn… as around 85% just don’t care.
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Originally highlighted by Armstrong…
His embedded link doesn’t work… but I think I found the same video…
It puts the green/red flashing boxes into perspective.
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The great Carlin… via After Skool. I especially like the note on ‘Freedom fighters’ and the disabled.
Goodnight from London