Did you see?
...what stocks, bonds, and commodities did on one Fed voter (Boston's Eric Rosengren) ramping his rate hike rhetoric on Friday?
How about eviscerating all the no-volume “gains” of the SPY’s summer on a +46.5% volatility (VIX) spike?
As I've said many times before, "risk happens slowly at first, then all at once."
SPX broke my immediate-term TRADE momentum line of 2171 support and didn’t look back with volatility (front month VIX) ramping. My risk range is now 2115-2170, so I’ll register this as a buy/cover day. The constitution of the bounce will be critical to analyze. (Get my Daily Trading Ranges here.)
Remember... Every seven years or so, most investors get royally crushed by these centrally-planned bubbles, by Old Wall Street and its head-in-the-sand research analysts, and by the woefully blind financial media supporting it.
Don't let them crush you again. Don't be a sheep.
