GCZ2017 - Long... But With Conditions

17 Ogo 2017

Simple harmonic analysis on the long timeframe shows a midpoint of surprising resistance. This level has stopped promising rallies three times dead in their tracks since April, even one earlier this week. Our market no longer obeys traditional rules; mediocre news is good and bad news is even better. We watch as our indices grind higher even in the shadow of nuclear Armageddon on the Korean peninsula, trade wars brewing with China and the EU, and perhaps a slowly unfolding deep state coup within the United States. At some point, reality will force the markets to correct. When it happens, and this very crucial obstacle be breached without hesitation, I surmise the December contract would be no worse than an 50/50 bet to reach ~1451. How decisively? I suspect two consecutive weekly closes above the midpoint should do the trick.