We’re seeing rallies to nowhere on total B.S. headlines.
Assume all headlines are planted!
The headline is what mainstream media uses to justify the price action they do not understand!
Trade the macro technical levels and trade less.
Today’s high @ the yearly ORL# ( Spoo 3652.50) is spectacularly bad price action.
It’s my view and that of many in the room that the Spoos are in the midst of a multi decade mean reversion.
The underlying economic problems are not being discussed via mainstream media.
PPI is tomorrow with all eyes on Thursday’s CPI.