Thursday, May 29, 2025

Morning Post 05/29/2025 SPX

Good morning STB!

We’re making a comeback, but don’t think the bad guys are done for. They’ve been forced to retreat. They’re still working hard, just not as blatantly in the open. 

Good v evil 

On to the lie - 

Minis only up 50 after a pretty dramatic pullback overnight. Tariff relief via a moron in a court somewhere caused the pop up and put the breaks on weakness that was growing. Indicators are close to being ready to turn. When fair trade policies benefit America, why does a victory against them cause markets to go up? Pls, don’t answer that question. There is MA support all over the place down to 5600. 5670ish is a support number I’d watch if things should turn. There’s an island gap that needs to be closed at 5725. There’s an ATH above they can smell. Bonds aren’t happy at all. Extremely delicate dance between greed and reality happening up here, thus the pullback overnight. Sledding uphill ain’t as easy as it used to be.

Have a good day.

GL and GB!