DrStool Posted May 30, 2023 Report Share Posted May 30, 2023 That Seventies Show LEE ADLER 2 - TECHNICAL TRADER MAY 30, 2023 There are conflicting indications between the broad market averages and cycle screening measures which take the temperature of the market on a micro basis. It suggests that a new Jive Five will be like the Nifty Fifty of the late sixties and 1970s. They kept the market averages perking along while the bulk of stocks were locked in long term bear markets. That too was an era of high inflation and slow, or no growth. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 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 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. If you're serious about the underlying forces of supply and demand that drive the markets, join me! Link to comment Share on other sites More sharing options...
Jimbo Posted May 30, 2023 Report Share Posted May 30, 2023 THE NOT SO SECRET SECRET Yes the Republicans caved. Because they don't want to balance the budget either. Its all about the pretending...the acting...the Kabuki theatre. Its all about propaganda for their voter base so they don't go off and vote for some one else who actually does want to balance the budget. This means the banks will continue to go down. Until the FED pivots. Link to comment Share on other sites More sharing options...
SiP Posted May 30, 2023 Report Share Posted May 30, 2023 nvidia hit 1 trillion market cap Link to comment Share on other sites More sharing options...
DrStool Posted May 30, 2023 Author Report Share Posted May 30, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted May 30, 2023 Author Report Share Posted May 30, 2023 Well well well. Down to the trendline and... BOING! What else is new? From gorgeous Gdansk, I bid you Gdnight. View this post on Instagram A post shared by Lee Adler (@200daysineurope) Link to comment Share on other sites More sharing options...
DrStool Posted May 30, 2023 Author Report Share Posted May 30, 2023 To follow all my amateur travel photos. Link to comment Share on other sites More sharing options...
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