Just for fun....hypothetical path next week. pic.twitter.com/XtDpB8t5ut— Puff Dragon (@PuffDragon11) October 22, 2021
Poor Americans' Credit Card Usage Spikes As Their Savings Run Out https://t.co/zdGGDKyR2v— zerohedge (@zerohedge) October 22, 2021
Imagine the unimaginable: (1) I am reluctant & hesitant to put the 5,000 mark on SPX daily chart; however, that is one of the likely roadmaps based on several LT indicators. (2) the last correction would be best counted as a W-4, or part of W-4. (3) W-5's logical target is 5K.
SPX 4488 support line: (1) the red w-4 looks like started today. It would take a couple of days to dance around 4500. (2) ideally, it won't fall below 4488, the orange gap zone and then work out a series of blue w-4 & w-5. (3) if 4488 is broken, a LARGE Triangle W-4 is likely.
I'm working on a piece about $VIX but I figured I'd share some mid-day Fri brainfood...— Tendex (@TendexCapital) October 22, 2021
Do daily changes in VIX predict actual chg in realized volatility in the $SPX over the coming 30d? According to +30yrs of data, the correlation is virtually non-existent (R2=0.02) #ES_F $SPY pic.twitter.com/PIhNaOHuwu
MORGAN STANLEY: The US is seeing “the strongest capex cycle since the 1940s, driven by business investment in equipment and intellectual property rights. In the US, capex should reach the pre-Covid trend as early as 4Q this year.” pic.twitter.com/g43Jmfbknw— Carl Quintanilla (@carlquintanilla) October 22, 2021