The week began with considerable chop, the SPX settling -0.3% to 5447.
sp’weekly1b
Summary
SPX: I’d note first support of the weekly 10MA at 5302, but that doesn’t look viable this side of the July 4th holiday break. Instead… a little weak leaning chop. Weekly momentum remains marginally positive, as cooling waves remain very muted.
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Looking ahead
Tuesday will see Consumer conf’
Earnings: $CCL $SNX $AISP $FDX $PRGS
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Final note
One thing should be clear though, the WHO, and the psychopaths of the WEF won’t give up until they achieve everything they want.
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Ms. Cambone with Mr Payne of FOX business.
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Lin with Ms. Preston.
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The concern should be geo-political
No, I’m not thinking about this Thursday’s CNN Trump-Biden show, but rather Israel/middle east. Tensions are very high, and a broader war appears an eventuality.
Even some of the mainstream appear to recognise the reality…
https://time.com/6990650/coming-israel-hezbollah-war/
Such an event would pressure oil upward, and probably drag up gold/silver to some extent. When it happens is the difficult aspect to pinpoint. I’ll be surprised if nothing happens by mid Sept’.
Goodnight from London