Wacky Witchy Quadruple Witching
Good morning again all!
Quadruple Witching Day, toil toil, boil and trouble, Mole, and his evil Gals? Expect a whipsaw chopfest exhausting day in the markets. Europe had a triple Witch as well. Historically these days end green, but may just bounce around back and forth basically going nowhere. It will be next week before we see a clearer picture, and some retracement. But to me any significant pullbacks will be met with the bullshitos rushing in to buy. (by the way I am the witch on the extreme right ;))
The bond market and the equity market can’t both be right, something will have to give!
Also here is 1 year chart on GLD. I see a bullish triangle that has broken out to the upside quite nicely.