Thursday, May 25, 2023 1:01:42 PM
Nick, looking at a short term chart of the SPX, (10 minute/3 week), the market is not down, it's still flat as a pancake with a little six day hill of hope-apathy-fear. The short term bottom is ~4,100 and top is 4,187. Other technicals suggest that we're close to the top for today barring any breakthrough on the debt ceiling.
One of the things we've learned about Uncle Joe is that just when we think he's sleeping away peacefully in his rocker he may unleash his Dark Brandon alter ego to smite the non-believers with the 14th Amendment. And I sayeth unto you; the debt of the United States shall not be questioned..:)
One of the things we've learned about Uncle Joe is that just when we think he's sleeping away peacefully in his rocker he may unleash his Dark Brandon alter ego to smite the non-believers with the 14th Amendment. And I sayeth unto you; the debt of the United States shall not be questioned..:)
The stock market is a device for transferring money from the impatient to the patient. - WB
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