California burns and market catches fire…

The prospect of being turned into a crispy critter takes priority over the market as California experiences climate roasting.  If the fire doesn’t get you the disappearance of electricity should finish you off.  But don’t worry about it.  Global warming is clearly a hoax made up by the Chinese as our Trump keeps saying.

Aside from staying alive with 80 mph winds fanning the wildfire we notice that the market is generating buy signals.  A swing trade here would be to buy the SPX and stop it just under where the gap would be closed.  A long term trend stop would be 2948.

Considering the volatility and treachery of the market we quail to think of a long term trend, but that is what the chart is saying.

Perhaps there will be a Halloween character dressed as Santa Claus.

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