Meanwhile, back at the day trading stuff, the hourly ES, S&P 500 futures looks poised for another surge. Except for that big negative divergence in hourly momentum, and the fact that the 5 day cycle should be in a down phase until Wednesday.
Is the debt ceiling deal a quintessential “Sell the news” event?
For moron the markets, see:
- That Seventies Show May 30, 2023
- Gold Gets Closer to the Bottom May 30, 2023
- Swing Trade Chart Picks – Numbers Lean Bearish, Charts Don’tMay 26, 2023
- Modestly Hedged Dealers, Record Short Hedge Funds Suggest Disaster Ahead May 25, 2023
- The Most Widely Forecast Economic Disaster In History May 16, 2023
- The Big One is Coming May 3, 2023
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