When will it end?
A 3 day cycle low is due this morning. There’s no buy signal yet, but clearing 4196 would be the trigger for a move to test the high at 4214.
I’d be more bullish if this were a 5 day cycle low juncture. But that’s not ideally due until Wednesday. The problem for bears here is that if there’s no breakdown, by Wednesday, it would set up another squeeze. Non Functional GPS Market
For moron the markets, see:
- Non Functional GPS Market May 22, 2023
- Swing Trade Chart Picks – Let’s Get Ready to Rumble May 18, 2023
- Gold’s Immaculate Correction May 19, 2023
- The Most Widely Forecast Economic Disaster In History May 16, 2023
- Weak Real Time Withholding Taxes Set Up a Showdown May 4, 2023
- The Big One is Coming May 3, 2023
- Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023
- The Fed’s Circle Jerk, is ‘Twerking? April 18, 2023
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