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The market is still in an uptrend, but slower and slower. Will the momo reverse? They would need to have an hourly close below 5300 on the ES to create a reversal pattern.
Meanwhile, I’m slowing things down on the Train de Merveilles from Nice up into the Alps to Cuneo Italy. I am hanging out in Cuneo until this afternoon and then a short trip to Torino where I’ll spend 5 days. Enjoy!
https://photos.app.goo.gl/pwEJBvcxsc8npdP16
For moron the markets, see:
- Low Confidence, Limited Risk, Tilted Buy May 20, 2024
- Higher and Higher May 20, 2024
- Why Sell in May and Go Away May 14, 2024
- Icing on the Gold Cake May 10, 2024
- April Tax Collections Soared May 4, 2024
- The Fed Doesn’t Matter Any More May 1, 2024
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