Recent: slopechart_$SPX.jpg

For whatever reason the 2 sd thing gets some wiggle waggle room when everyone gets terrified appropriately. Back in 2021 we punched through the lower one no less than 7 times. That would be the good news for the bears. 

The bad news might be that after such an event, everything bounced a good bit and then went range bound for 2-3 weeks before the next bloop down. I imagine interested parties work hard for that to happen so they don't lose their ass in the fray. 

Bad news for me is I have no idea if we get the bloop or the bounce or the range bound shenanigans for the next 2-3 weeks. 

Bad news for you is I will probably pass the time with more annoying charts. 

Happy Thursday regardless!