SPX Bias is Bearish

8 ต.ค. 2022

Bias: Bearish
*My bias criteria doesn’t necessarily indicate a directional position - it is based on technical criteria at the close of each trading session.

In my opinion, it is time for the broader markets to start accumulating assets / equities.

I think it’s time for investors and traders to FIGHT THE FED. The Fed has been wrong for two years, yet the financial markets and economy are putting the ‘trust’ in The Fed that they all of a sudden get it right.

We have an insufficient regulator of the Financial System; therefore, a potential risk for Substantial Financial Breakage.

We keep hearing The Fed say, “We have many tools, etc.” and yet those same tools were unable to control inflation at 2%; whereas, they allowed it to run rapidly over 8%.

The Fed is fighting lagging and backwards data with raising interest rates, of which, take time to impact the U.S. Economy.

SPX

Upward Levels:
3,719.23
3,699.86
3,679.60

Downward Levels:
3,636.71
3,615.74
3,558.58