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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Paris Cafe

Paris Cafe

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Friday, February 25, 2022

SPX: Beware Of Market And Political Rumours

The compressed daily S&P 500 Index (SPX) chart below depicts what trades look like based on a variety of market and political news reports (rumours), depending on their scale of perceived importance.

November 26, 2021 began a series of large, wild whipsaw daily and weekly swings in both directions...depicted by the Average True Range indicator shown in histogram format and based on an input value of one period.

That day, the WHO identified Omicron as a new and highly infectious and transmissible COVID-19 variant of concern. 

There have been many rumours flying about on that subject, ever since...sending markets gyrating into chaotic swings.

On January 24, 2022, the White House Press Secretary proclaimed that US citizens residing in Ukraine should leave immediately due to invasion threats from Russia.

And, there have been many rumours flying about on that subject, ever since...sending markets gyrating into chaotic swings.

It seems to me that until these issues, and other international and national security concerns are settled, one way or another, the SPX will continue to thrash about wildly and will remain stuck in this large trading range (between 4200 and 4800).

My post of February 21 and update of February 23 contain further details describing various scenarios that are possible for the S&P 500 Futures Index (ES)...keep an on those for clues regarding direction/trend and beware of rumours as long as the SPX stays in this range.

N.B. The following proposal regarding the Russia/Ukraine conflict sounds like sane advice given in 2015, don't you think? 

Too bad it wasn't taken seriously by "the powers that be."

Also, it seems as though what the West was promising Ukraine years ago were the same rosy promises used for 20 years in Afghanistan, and look how that ended, courtesy of President Biden.

By the way, there's much more on that school of thought at this Zero Hedge article.

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BEWARE: If it sounds too good to be true, it probably is. 😕