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05/24/2022 Live Update

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Cobra
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Re: 05/24/2022 Live Update

Post by Cobra »

H&S bottom text book target. Likely it's a range day, the range low might be in.
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Al_Dente
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Re: 05/24/2022 Live Update

Post by Al_Dente »

This morning, strategists at both GS and BAC agreed that the only thing that will push stocks higher is a capitulation by the Fed.
...the market will only stop panicking when the Fed starts panicking..
zh: the moment the Fed capitulates is when everything will explode higher.
BofA: “markets will continue to test the Fed put, but that it will take more market panic for the Fed to start panicking."

[THE FED PUT is currently at 3529 according to BofA, and at 3400 according to MS, down from 3634 in April, and down from 3698 in February.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 05/24/2022 Live Update

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Al_Dente
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Re: 05/24/2022 Live Update

Post by Al_Dente »

Powell spoke today
https://www.youtube.com/watch?v=yswvZ-avwyE

He's pretending he cares about Tribal issues
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
brokebybernacke2
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Re: 05/24/2022 Live Update

Post by brokebybernacke2 »

anticipate the memorial day bounce , should carry us into the most imp CPI report/fed meeting zone. shall be a biggie.
koolblue
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Re: 05/24/2022 Live Update

Post by koolblue »

Just got back home... and as i forecast on the previous post its looks like sideways mish mash
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Al_Dente
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Re: 05/24/2022 Live Update

Post by Al_Dente »

SNAP down 42%
Last time (Feb) it turned out to be a massive ABANDONED BABY
Screenshot 2022-05-24 114744.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 05/24/2022 Live Update

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Cobra
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Re: 05/24/2022 Live Update

Post by Cobra »

Looks like we'll have a strong bull close.
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Re: 05/24/2022 Live Update

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Cobra
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Re: 05/24/2022 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

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