F.T.T.W.T.K. Follow Up

(For Those That Want To Know)

I was just on the phone with a colleague asking me what my latest thoughts were as to the what, where and why gyrations currently transpiring in the “markets.” I’ll put up my latest thoughts (prior can be found here) using a chart that pretty much does what the old adage states. i.e., “A picture tells…” To wit:

(Chart Source)

The above is the S&P 500™ using one minute bar/candles intervals as I type this i.e., 11:45ish AM ET. It pretty much speaks for itself with the supplied notations. So, for those that want to know, that’s what I’m keenly focused on. The implications should it fulfill have the potential to be literally: ground moving. (Remember: no one knows, repeat: no one!)

As always, we shall see.

But there it is.

© 2020 Mark St.Cyr

Addendum:

Just a follow up to my earlier statement to show what subsequently happened after and how today ended, because the implications are not trivial. To wit:

(Chart Source)