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Strategies & Market Trends : Humble1 and Swing Trading Friends

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Clam digger

Lou Weed

To: humble1 who wrote (38803)	5/15/2023 3:51:46 AM
From: humble1	2 Recommendations Read Replies (1) of 41014

The bull case needs a gapper upper and a solid up day with a close clearly above last week’s high. It would seal in those five candles and the weekly candle into a lift-off floor. Besides, I like the idea of 21 calendar days from 5/12 to 6/2 as a spike into a 6/2 tradable high. Wells Fargo was on the wires late last week saying that the market was “about to roll over.” They have a lot of company with the high profile flapjaws. A perfect time to embarrass that crew once again. See the v SPX chart at the back link. There is plenty of fundamental news which could support a big quick run north. Dictator Putin looks ready to collapse, flation is flattening out, and there is no chance (imho) of the hyped default. And there is flash of $$$ in MM funds ready to burst the dam. Earnings are good. Companies are buying back stock. There is little new supply from the IPO sector.

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