Where are the Bulls? Interim Update

Where are the Bulls? Interim Update

Supposedly a “bloody, Russian invasion of Ukraine is imminent. The Fed has called a previously unscheduled closed-door meeting for Monday. The initial fear was that the Fed would call for an emergency rate hike. But the meeting could also relate to the Russia / Ukraine situation.

Both Gold and Oil are spiking on the invasion fears, with oil approaching $95 per barrel.

In less than 24 hours, the S&P 500 has moved from the Weekly Expected Move High to Low:

One hopes that the WEM Low is enough to hold the market. It sliced through all other important support levels. Otherwise, lookout below.

A.F. Thornton

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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