Let me start off by saying that, in honor of Elizabeth Holmes‘ imminent incarceration, we will be honoring her by incorporating her lovely face in these charts. Let’s do this.
I have a confession to make: before the CPI came out, I was toying with the idea that today would be a “reverse Rolo” day. That is to say, I pictured in my mind an explosive move higher, and then a fade all day long. It’s too early to declare anything close to victory yet, but this is sure a good start. Just look at what the /ES did in relation to its resistance trendline. Beautiful! Worth of an 11 year sentence!
Looking at the longer-term /ES picture, you can see that at no time was either the trendline or the Fibonacci violated. You know, violated. Like in prison showers.
Most magnificent of all was the /NQ, which got completely shanked.
