Good morning STB!
Comment section is like power in a third world country, it’s there or it isn’t. Intermittent is better than nothing I guess.
So, we have papal conclave beginning today. Pretty big deal, right? Crickets on social media. Not trending on X is wild. Pakistan is, barely. FOMC? Nope. Pittsburgh Pickens trade to Dallas? Top 5 spots. Maybe Catholics don’t use X?
Good v evil
On to the lie -
Minis pulled back to be up 23. Spiking on china trade talks news. Barely budged on India and Pakistan lobbing bombs at each other. No cuts via FOMC deciding to wait pulls futures back a bit. So they closed the island gap yesterday. Watch 60m and daily 50ma at 5570 as support. It’ll lose 100 points to 5500 if that goes. 200dma at 5750 is what everyone needs to focus on. If they can reclaim that (positive china trade news) the bears will be sidelined again. Patience bears. Don’t let that Pittsburg trade distract you.
Have a good day.
Gland GB!
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