May 3rd – 1 step closer
When it comes to cycle timing, every step does get us closer to our goal. . SPX DAILY – WEAK. We will be on day 23 Thursday, and the markets moved slightly higher after Wednesdays FOMC Decision, and then sold off into the close. This still looks weak, I remain cautious.
Tuesday May 1st
I have been expecting this to be an active week, so as we approach FED Wednesday, lets review how Monday traded… SPX – So far, the move out of the April lows has been weak and appears to be struggling at the 50sma. With the daily cycle count ticking away, this needs to break […]
