S&P 500 – Page 214 – Spiral Calendar

Weekly Update

The S&P seemingly won't die as long as the Money Printing Pump keeps the patient alive!

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A “Sort of” Decline

Stocks are weak, but the Money Printing Pump seemingly prevents run-away sell offs.

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Don’t Forget the Pump!

Recent experience tells us as long as the Money Pump is in operation, the downside is limited.

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The repeated alignment of Money Pump surges with renewed S&P rallies argues for a cause-and-effect relationship, not merely an observed correlation, between FED printing and this S&P bull market.

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A number of daily charts are bullish here. However, the weekly charts are equally bearish. In sum, rallies into resistance should fail and downsides resume in those markets. The details are in our video update for subscribers.

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