SPX: You Need To Prepare

Last time I posted on SPX I said that I was sounding the Alarm

I'm going to reiterate that you need to prepare

No fear mongering, no fancy Elliott Wave Charts and no History Lessons in economics

Lets just ask ourselves some really simple questions:

If you lost your job today, how easy do you think it would be to find replacement employment that could maintain your current lifestyle?
How many months of emergency savings do you have?
What is your level of credit card/ debt in general and are you paying more than the minimum payment?
Do you want to own a home? How hopeful are you about your chances to own in the near future?
Are you saving for retirement? No really are you saving..be honest. If not, why?
How happy, hopeful, worried, sad are you? Be honest

And finally:

Do you believe everything will be ok financially for you 10/20 years from now? Be honest
Now ask yourself: What do I have to do so that I can move from believing/not believing to KNOWING that things will be ok?

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Looking at the OBV it looks like we may get a "stick save" with this move down