Traders took the very bearish looking15 Minute S+P 500 Chart,
from earlier this week, ( Shown Here) and have turned it on it's head,
sharply reversing price to the upside as I had advised you earlier was a real possibility.
The stock market rally occurring over the last 48 hours,
as a framework for a debt ceiling compromise by US legislators has been outlined publicly
is being put together so that both sides can claim a " political victory" in a high stakes battle of gamesmanship.
However, the "financial victory" of a potential deal is yet to be known.
And therein lies the sticky point.
How markets could react to a potential deal after the long US holiday weekend, remains the financial UNKNOWN.
a potential black hole that could suck traders right down it, if they happen to be on the wrong side of the track.
Sometimes it's best, just to step aside.
Memorial Day. 5/29/23
We pause to remember those who made the supreme sacrifice.
Their bravery is celebrated by the highest honors given to those fallen souls.
THE_UNWIND
WOODS OF CONNECTICUT
from earlier this week, ( Shown Here) and have turned it on it's head,
sharply reversing price to the upside as I had advised you earlier was a real possibility.
The stock market rally occurring over the last 48 hours,
as a framework for a debt ceiling compromise by US legislators has been outlined publicly
is being put together so that both sides can claim a " political victory" in a high stakes battle of gamesmanship.
However, the "financial victory" of a potential deal is yet to be known.
And therein lies the sticky point.
How markets could react to a potential deal after the long US holiday weekend, remains the financial UNKNOWN.
a potential black hole that could suck traders right down it, if they happen to be on the wrong side of the track.
Sometimes it's best, just to step aside.
Memorial Day. 5/29/23
We pause to remember those who made the supreme sacrifice.
Their bravery is celebrated by the highest honors given to those fallen souls.
THE_UNWIND
WOODS OF CONNECTICUT