The bigger and better question is why does anyone think that there is a difference between the political parties and their proclivity to spend and/or increase the deficit.
I just want to hear if UsualName is going to make this a partisan issue.
No, I find these questions are open to political interpretation. Many of Obama's supporters believed his statements about the "strength" of the economy.
And don't bore me with these hackneyed Keynesian theories.
A Wile E Coyote ledge that would probably become a waterfall decline in years past.
(if you are talking about the SPX/ES high from late January, the re-test yesterday and Friday and the stalling action today)
I notice the inverted h&s on the 30min ES chart as well. Held a retest of the cash close January highs, did the usual scary fast market type decline yesterday morning and a re-test (inv h&s) earlier this am.