It’s D-Day, one of the most important dates in world history.
The stock market is sanguine.
The May 19-22 anal log is still floating. It suggests a weak rally today. But keep an eye on resistance at 4275-80. If they can’t clear that this morning, the 5 day cycle may have another downdraft coming.
Meanwhile, the massive short position that the hedgies have built in Treasuries still hangs over their heads like a guillotine.
For moron the markets, see:
- Investors Breathe Sigh of Relief But D-Day Is Now June 6, 2023
- The Bulls Are Full of It une 4, 2023
- Incomprehensible, That’s What You Are June 2, 2023
- Swing Trade Chart Picks – Growing Long Side Gains June 2, 2023
- Gold Gets Closer to the Bottom May 30, 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
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