Knockin on Heaven's Door

3. Aug. 2020Make or break time for our friendly neighborhood stock market. Everything is at critical levels right now so keep an eye on everything. If there's a breakout over this level then there's a good chance that the S&P will fill the gap to 3400ish and/or rally to a doubletop or new highs. I'm very bearish and highly doubt this is going to last long, but if big money wants prices to continue to go up until the repo market implodes again then so be it. A breakdown here could be catastrophic, so let's see if they let it happen.

T-bonds consolidating for a move:



DAX is looking to bounce, but a selloff from here until close could mean further breakdown to come.