Interesting.  A key difference however is that SPX was trending down into the bailout where today we are trending up into it.   https://en.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis

Or bozos like me that can never remember !

Which would support this as b wave bounce and then we fall apart next Tuesday/Wed with no bail out .... then we get bail out and back off to the races on 6/1.   Maybe my timeline is too short but looks to be a 2 dayish timing pattern assuming we pull back again either late tomorrow or Tuesday.

What are stats for Friday before Memorial Day weekend ?

May have to back up the truck here on IWM as it plays catch up as I've been buying for a few days.   Not sure if I wanna buy more gush but I think I do.

= Market buy signal ?  

And Carl Ichann's IEP - OUCH - going to 0 ?

Every other company doesn't matter any more (at least not yet) since the magnificent seven basically own the SnP and QQQs.  So just look at which of the 7 are lagging and buy those .... looks like AAPL is next up to bat based on that.   I was buying IWM, WFC, SPY, TQQQ and opened GUSH today.

NVDA ... it's only up 30%.  Looks like we know which direction the memorial day rally is headed !

On 2nd thought gonna wait till tomorrow at least.

GUSH is starting to look good for a pop !

GDX getting close to buy.  $ getting close to sell.   TV Talking heads saying to sell tech and buy industrials ... so I am taking profits on IWM (staying long but think it could pull back tomorrow) and buying QQQs.  Commodities likely to get a bid soon.  As stated last week, has been playing out - I see this as a bounce in commodities before they hit a summer slump.

IWM entry last week working.  Going to add.

So far so good... need the swan to dive !

Looking for up up and away afternoon fake out followed by a swan dive.

Ya - maybe wait for the 61.8 next week.

Sounds right... don't forget they will ensure they pay themselves as well.

Seems to me there is little upside left to the QQQs, it's been used to prop up the market while just about every other sector has been independently sold off.   There may be a little more upside to a gdx, gold, commodities and energy bounce in the short term (next 2 weeks) after gdx hits the 68.3 fib while the $ hits and then pulls back from it's 200 day.   After that, headed into the summer it looks like $ strong, gold, commodities, energy continue to be weak.   My guess is that Crypto will follow along with this cohort.  So my conclusion for risk on is to buy the Russel - I'm going to open a long swing position today in IWM and Banks and add over next 1-3 weeks as long as the stop Matt showed last night doesn't get hit... seems like the most likely for biggest swing bounce.  Will add to some SPY and QQQs as we didn't quite fill the gap and they clearly have steam for another run (plus I didn't see Tom Lee).

Looks a little like yesterday... hopefully well see 'c' by eod, else maybe Monday morning before resuming the rally.

NFLX up $16BB in market cap today !