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No News is Good News 5/31/24

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

He is still running.

If elected, he will not serve.

We now have an overnight double bottom on the 24 hour hourly ES with a modest positive divergence. This should be enough to give the 5 day cycle up phase some upside. 5230-35 is a serious obstacle that they need to clear. There are about 5 different downtrend lines representing resistance through that zone. If they clear it they should be good to go for a bit.  Otherwise, down the shitter.

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