30 June 2014

SP 500 and NDX Futures Daily Charts - Rolling Thunder

Bubbles ride the surface, but ugly cuts to the bone.

And this market may look good, but deep down it is almost ugly as the characters that live off of it.

That does not mean that it cannot continue on, with some pancake makeup and lipstick, for quite some time. There is some thought that nothing bad, barring the exogenous and unexpected, will happen before the midterm elections in November.

Have a pleasant evening.