Friday, May 20, 2022

Morning Post 05/20/2022 SPX

“Are we rolling downhill like a snowball headed for hell?” I’ve quoted it many times before. From the song Are The Good Times Really Over by county legend Merle Haggard. Can we survive another 6 months and take control at midterms with real representation? Will that even make a difference? 

Good vs evil 

On to the lie - 

Minis up 40. Not sure what opex day has to hold. Could get crazy. Technically, if such a thing exists, an uptick is in order. Traditionally I’d stick with consolidation up to 4175 area, but I’m not sure how long the orderly exit can hold up. If 70% weren’t so ignorant, greedy and blind no telling how low this market would be. 

More to come below. 

Have a good day. 

GL and GB! 

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