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Sell the News - 5/31/23

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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. 

108dfe

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Heading into the close still no confirmation of 5 day cycle low. Stay tuned to your local station for the latest news overnight. 

From Gdynia, Gdnightia. 

 

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