Klaus Will Own Everything and Be Happy; How About You? - 11/16/2022

Good Morning;

The only thing scarier than the U.S. elections is the World Economic Forum that is behind it all. Here is yesterday’s message to the G20 from the WEF fearless leader, Dr. Klaus Evil.
And just to keep it interesting, the FTX Crypto scandal promises to swallow Joe Biden and more Democrats whole.
Apparently, FTX and its fearless, fraudulent leader, Sam Bankman Friedman, or SBF as he likes to be called, was the successor to the Jeffrey Epstein Operation.

Oh, what a tangled web awaits us. Would somebody please wake me up from this veritable nightmare?
As they say, I want a new timeline in the quantum world.
Meanwhile, back at the ranch, Our models continue to point towards mean reversion into the large 4000 strikes through Friday’s OPEX. , with resistance at 4024 and 4040 and support at 3960.
A little consolidation is needed before we push to the final target for this 20-week cycle at 4100-4150.
From there, we travel to the 18-month cycle low next spring.
The next turn dates are November 22nd and December 3rd.
The 11/22 turn looks to be from lower to higher and vice versa on December 3rd.
These are the minor waves, but the biggest wave down is still in front of us as we head into the nominal 18-month cycle low.
Tom will be in the trading room to start the day, and I will be there in a few hours – watch your text alerts.
We are still in the macro Navigator swing buy signal from 10/13 as long as the S&P 500 continues to close above its 5-day line.
However, the Founders Group continues to work the buy and sell signals on the hourly RTH charts.
That chart rolled into a short-term sell signal yesterday at 4028. Look for a buy signal soon.

A.F. Thornton

Klaus Will Own Everything and Be Happy; How About You? – 11/16/2022