Weekly SPX cycle suggested May 2023 bottom

Trend bullish- SPX having hit channel resistance doesn’t likely cause more than 2-3 days of stalling or minor selling pressure before a run-up into late June/early July

Top-callers continue to “come out of the woodwork” as SPX and QQQ have continued to press higher.  Reasons like “overbought” or low volume, or “the market’s lacking breadth” are common refrains on Twitter, but yet a few important reasons stand out...
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Trend bullish- SPX having hit channel resistance doesn’t likely cause more than 2-3 days of stalling or minor selling pressure before a run-up into late June/early July

Top-callers continue to “come out of the woodwork” as SPX and QQQ have continued to press higher.  Reasons like “overbought” or low volume, or “the market’s lacking breadth” are common refrains on Twitter, but yet a few important reasons stand out...
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