Right. On. The. 200 DMA

Sharing is Caring!

by Chris

Okay, 0.5 points under the 200 dma.  So the bears got a slight victory here?

Not really.

For what it’s worth, there are tons of troubling economic signs around the world, and plenty to suggest that the bull case here in the US has to rest too much (entirely) on official central bank actions and interventions.

For example, here’s what the financials and autos look like in Europe:

Both are now in bear markets.  Neither looks very good.

It’s getting increasingly difficult to argue the bull case…but there has been much overnight support of things and we can expect all that to continue, I suppose.

See also  Rand Paul HITS Biden Right Where It Hurts The Most After What He Did

 

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  This is a super important story right now. Every single economist I’ve had on shows is following this extremely closely.

Views: 1

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.