Since the October 11 break of the Rising Wedge in the SPX the Daily Swing Chart has turned up twice once on a gap up and strong rally on Friday that wilted giving up all session gains and then another similar gap up yesterday which saw the index tail off again.
All this action is taking place below the declining 50 and 20 day lines.
We haven even mentioned the continued deteriorating internals which are shouting for the potential of violent capitulation.
The bottom line is, the market is not seeing traction from these up gaps. Instead of Gap we seeing the market tail off with closes below the open.
In fact, all the gains in the DJIA yesterday were due to GS and UNH.
Make the Market Great Again
That was 224 years ago and interestingly 224 points to/aligns with the week of the election!
Is it possible the Hounds of Hell trade I mentioned months ago is on the table as unfriendly powers test President Obama?
The bottom line is that it may get very rocky: IF stocks turn down they could do so with authority.
As you know, 360 degrees down from the all-time SPX high ties to 2010.
What is interesting about 2010 is that it aligns with December 7 on the Square of 9 Wheel.
December 7 of course is the day of the attack on Pearl Harbor.
This is what is called a Master Square vibration in time for the US. It is engraved in DNA of the US as Day Of Infamy.