Little did we know that the spike low at the Thursday open would end up being the session’s low. No Zero signals yet providing us with clues and the available technical context was premature at best. Obviously a really tough one to catch and the next best opportunity would have been later during the session, which clearly exhibited signs of a short squeeze in the making:
Over the past two weeks I’ve offered the bears two plane flights and a train ride around Southern France. They neither managed to take me down me nor put much of a dent in the 25-day SMA on the S&P cash. What does it take!!?? Now all joking aside – it’s good to be back and much elated to still see equities meander all over the place without a clear sense of direction.
I spend the later parts of Augusts in the middle of the Black Rock desert, miles from civilization at the greatest party in the universe: Burning Man. I went from not thinking it was going to be my thing to 50% owner in a 36’ RV, purposefully built for the playa, heretofore known as Built 2 Burn (B2B). B2B is currently in the rental pool for Cochella.