Posted by fredsaid on 25th of May 2023 at 03:53 pm
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.
HYG still not confirming move
Posted by matt on 25th of May 2023 at 03:50 pm
$SPX - Chart Link-
Which would support this as
Posted by fredsaid on 25th of May 2023 at 03:53 pm
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.
Just a note. In 2011,
Posted by timebandit on 25th of May 2023 at 04:01 pm
Just a note. In 2011, the largest part of selloff came after the bailout (vertical blue line)
weekly SPX chart had massive
Posted by arun on 25th of May 2023 at 04:17 pm
weekly SPX chart had massive negative divergence back then...not the case now
Interesting. A key difference however
Posted by fredsaid on 25th of May 2023 at 04:05 pm
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
en.wikipedia.org
2011 United States debt-ceiling crisis - Wikipedia
It's just a data point.
Posted by timebandit on 25th of May 2023 at 04:19 pm
It's just a data point. This hasn't happened many times, so this time could easily be different. Just sayin...