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.
Which would support this as
HYG still not confirming move
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...