SPX ticks to 2100s: monthly ‘unfinished downside business’ chart

This is a no man’s land if I’ve ever seen one. SPX is dwelling there below the 38% retrace level and above the 50%. It has finally ticked the 2100s today. I can almost hear it saying “okay, thanks for the Fed QE panic, now you effing doofuses on both sides of the political aisle… what’re you gonna do for me???”

spx

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