News Gap

Political News spiked it lower over the weekend and price tested the 50 day. It reversed perfectly at this reference, then moved higher during the morning session, only to be rejected at Friday's range lows.  Then it balanced for rest of the session.

I just cannot help myself but to feel a long bias with a mechanical test and rejection of the 50 day.  Like where were any real sellers if a visual reference like this magically turns price?  More political bad news could keep the trend lower, but any good news at this point, could mean a mega-pop.

We all know that it's the goal to spend this country right into the ground, and then deal with the problems -- by asking everyone for more money.  Or just plain confiscating it.

The Republicans look so stupid fighting for sanity when we all know that they are just as bad as the Democrats with spending.

It's all game over, just a matter of time.  The lunatics are at the controls.