mortdiggiddy
Long

Buy on 200 DMA

FX:SPX500   S&P 500 Index
Good Buy Opp on 200 DMA and Year VWAP and 55 Day Lowest Close. $SPY $QQQ $IWM $VXX $TLT $GLD
Comment: Late Tuesday SPY blocks: https://imgur.com/l0e0s1u
Comment: Typically there is a seasonal bounce the last week of May each year in SPX500.
Comment: Saw a shift in 30Y bonds for the first time in a week. Selling yesterday while VIX remained in slight contango.
Comment: Similar structural setup for 5th wave on NASDAQ 100 futures
Comment: ..... Thanks trump.

New tariffs on Mexico.
Comment: Non stop buying in the dark pool world for the first week of June. I suspect that this level we reached on friday will trigger a pullback of sorts.

NDX/SPX/DJI all topped out near the 50 DMA and the 21 Day Highest Close.
Comment: Adjusted 78.6% retracement level shown. Getting close.
Comment: Late Dark Pool buy prints on SPY toward the close. Let's see if NQ can bust out of this channel and we can get to the original 2920 target area.

https://imgur.com/a/m0orFvf

Comment: Placing overnight buy stops on ES at today's High of Day just in case. Bearish still on other idea found here until then
Comment: Seasonality into wednesday next week (Top June 18 on average) only thing that can save it... but then die immediately if the same pattern holds.

Can hover over the chart here to see it. Building permits Tuesday and FOMC statement Wednesday.

I suspect that the final move up will be fake and we all wake up thursday to selling, which means that the entire move for June was building to bake in the 2nd quarter FOMC statement. This is normal.

https://www.mrci.com/client/spmarket/esd...
Another day another dollar.

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Well done brother! you nailed it perfect.
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