Nothing to scare the bulls away right now. The Xmas ramp continues today I'm guessing if Consumer Sentiment does not dampen holiday spirits (the BLS is in control of that one so how could it be bad?). Yesterday another HnS has delivered a breakout move (surprised?). Minis have fallen 3 points in the last few minutes off their 33 highs. Could there be resistance up there?
1m SPX showing resistance in the 1233 to 1235 range (where the minis reversed this AM) and the failed HnS. My CPC chart screams we're nearing a major top.
Let's see if we can have some fun today. Its the holiday season.
Let's start the humor off with Obama honors Nobel winner with statement about himself -
Morning Post 05/17/2024 SPX
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X is lit up this morning raging against the system.
Good v evil
On to the lie -
Minis flat. Struggling with double top resistance. At this point STB ...
15 hours ago