The problem is that we don’t know what the news will be. Will the House pass the debt ceiling deal, or not.
In either case should it be sold?
Maybe not. The 5 day cycle low is due today, and the projection on the ES 24 hour S&P futures is for a low of 4175-80. In other words, not much downside from here.
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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