Hormuz will be closed to everybody. Fantastic.......  

The following indicators on the daily SPX chart are at levels typically associated with a ST top for the SPX.

1.  40 Down roon(5) Up 100 Down 0. 2. Coppock Curve(8,5,2) 10.99 3. CCI(5) 70.96 4. MACD(2,10,14) 132.81

5. RSI(2) 89.13 6. PPO(2,10,14) 1.99 7. Stoch RSI(5) 0.88 8. Williams % R(5) -9.28. 

The following indicators on the daily VIX chart are at levels typically associated with a ST bottom for the VIX.

1. Aroon(5) Up 40 Down 100 2. Coppock Curve(8,5,2) -57.0 3. MACD(2,10,14) -3.41. 4. PPO(2,10,14) -14.8

5. RSI(2) 9.1 6. StochRSI(5) 0 7. Williams%R(5) -9.56.

According to my DJIA turn probability summation system, the windows this coming week with the highest probability of seeing a turn in or acceleration of the current trend in the DJIA are Monday April 13th and a window stretching from Thursday the 16th through the morning of Friday April 17th.

Last week the mid-week Wednesday the 8th thru the morning of Thursday the 9th turn window was a bullseye as can be seen in red on the marketwatch.com plot below where the turn window tagged the explosive ceasefire rally and maybe even a top at the end of the window if things start going tits up on Monday the 13th which certainly looks possible given the ceasing ceasefire.

The Road Runner always tricked Wile E. Coyote into running off the edge of a cliff with nothing but thin air between the fur lined beast and the ground a mile below.  If my assessment of the ceasing ceasefire and EWave count below are correct, that is precisely where longs will find themselves in next week's crash risk window.  Of course, the POTUS, a.k.a. TACO, could pull a rabbit out of the hat and turn everything around by just declaring victory and heading home.  Given the current situation, I wouldn't put it past him.  That would fry the shorts and my nascent EWAVE count, but might leave a big mess behind which will cause even more trouble down the road, and that could be a very short stretch of asphalt.  Regardless, hold onto your bippy, skippy, things may be about to get wild one way or the other and soon.

Regards,

Douglas

they're going to have to keep the Americans out.

Mexico's President Sheinbaum Decrees Universal Healthcare for 120 Million | the deep dive

only 15 ships daily are allowed through the strait oif Hormuz. Do they want some more bombs on their empty heads ?