Here is a short video update of my Meridian Market Theory.
In the previous note that addressed the technical developments and comparisons within the theory, I said:
"Near term, in either case - bull or bear, I find the market precariously placed at the top of the range and likely to fall back swiftly over the balance of the month." Brace Yourselves
100 SPX points lower (tongue firmly in cheek), and in light of the developments out of Europe this evening - here's an update.
Some of the previous Meridian Market Theory Updates:
