M2V results are going to be critical. Q2 from FRED is pending.
SPX tracks the FED printing. Market has it's fractals of course, but overall this tracking is pretty tight. None of the FED money appears to be getting into the real economy. It did so when the stimulus checks were cut, showing as a small upswing in the M2V. This is not meant as a market timing graph, just as an overall graphic of the current situation with risk...
I have not subscribed to this service though it is awesome. I promise that when I actually make some money doing this, I will present it to management for her approval. Admittedly It is a pretty busy chart and not terrible precise, but interesting. It looks like a completion of EWave 5. If this breaks the high on Monday and test the support I am long to the 2/3...