Yes, It Does
So back in late Feb. I posted that the DJIA was setting up for a 40K round number top with all the expected media hype, that would mark the end of the bull. We got close but didn’t quite make it, yet.
Now it looks like that final move and the accompanying media hype, is once again set up to fool the masses. The less than 500 point surge needed to achieve that magical round number could occur any day now.
The possible narratives to trigger it could be a temporary cease fire in the Mideast or maybe the inflation reports on Tues. and Wed. They have already been touted by some sources as being “misses” (not as high as expected), which would add to the narrative of moving rate cuts back onto the front burner, once again. The charts and technicals line up for a stock market top, any day.