Friday, May 30, 2025

Morning Post 05/30/2025 SPX

Good morning STB! 

Don’t look now, but Russia is sort of getting it handed to them rn by Ukraine. China is broken. We could see new leadership in all of the big three countries in 4 years. AI will be pretty smart by that time as well. Strange world we’re headed into.

Good v evil

On to the lie - 

Minis off 20 after gaining 20 back this morning. The 60m 50 and 100mas around 5872 are the key support I’m seeing here. Two island gaps below down to 5725. 60m 200ma and the daily 100 and 200 and the weekly 50ma all between 5700 and 5800 mean there’s a stout wall of support there. If 5700 goes we might get a lower high, thus setting “the top”. However, we don’t deal with reality, and a fresh new ATH is within 200 points. I’m still looking for the catalyst that’s needed to cause failure. My long called existential event, something out of their control. 

Have a good weekend.

GL and GB!


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