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Time runing out on BULLS - DEBT CEILING hanging over market


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#181 K Wave

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Posted 19 May 2023 - 11:33 AM

META super extended here...and if it can't hold above the early May high, this AM may have last hurrah for this leg....

 

under 244 might be the trigger...

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#182 K Wave

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Posted 19 May 2023 - 11:34 AM

Trannies...now we see....

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#183 K Wave

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Posted 19 May 2023 - 11:40 AM

2nd low on Dow...that one is likely for all the marbles now....bulls can still save things if it holds....

 

And if not, then we may have a big failure reversal on our hands....

 


Edited by K Wave, 19 May 2023 - 11:41 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#184 K Wave

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Posted 19 May 2023 - 01:20 PM

one more test on Dow 5 as bulls try to turn the corner....

 

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#185 K Wave

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Posted 19 May 2023 - 02:48 PM

looks like they run out the clock today...see what Monday brings...should be close now


Edited by K Wave, 19 May 2023 - 02:49 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#186 dTraderB

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Posted 19 May 2023 - 03:09 PM

ES 4204.25 LONG
AM NET SHORT, decided to open that HEDGE LONG
Most likely, DEBT CEILING issue will be resolved by Monday.

Tough week net gain, but markets were skittish, volatile, even after the bulls broke out.

Have a great weekend!

#187 linrom1

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Posted 21 May 2023 - 01:22 PM