2/2/2025
Monthly SPX
The two far left arrows id the dot.com and sub prim highs and then crashes
I label the move from 2009 sd five waves. Thee ending of the third the strongest is shown with arrows on RSI the SPX and PMO
FIfth wave registers a lower RSI and PMO as it should
With Trump declaring war in our top two trading partners, Mexico and Canada, a rare 7 planet alignment Feb 28, if inflation is whipped why did I just pay $4.53 for a dozen eggs, interest on the national debt exceeds the defense budget, EU in trouble, China's Country Garden a zombie, NVDA heads back to earth just like dot.coms and sub primes, seven US stocks worth more than the entire exchanges of six EU countries combined
What could go wrong
Long term interest rates like the ten year T note continue to rise, the stage is set for surprises on the downside. Friday afternoon weak close is perhaps a precursor to a change in trend
SPX this past five days note the Friday afternoon sell off
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