Technically, a pullback to the small triangle apex at $1900-$1850 seems normal and the fundamentals are in perfect alignment with this scenario. The world’s fiat bugs promised that..
However, if the market is unable to hold the 4170SPX region again, then it makes it much more likely we have not completed this pullback, and we can test the 4000-4050 $SPX region..
Last week saw the highest inflation in commodity prices in 60 years (up 12% last week). Inflation risks are also severe due to the immediate supply shock to Russian commodity exports, along with...
