To The Moon

FED May FOMC 0.25 might be last raise; Much talked about pause from June FED say will pause for longer, Bond market say will cut rate 3x by end 2023 FED say need see next 3 inflation reports - May, June, July, means continued pause or cut will be known by FOMC 21 July Liquidity Mar rally was fuelled by all the bank failures and FED injecting liquidity in the market Late Apr FED resumption of QT briefly stopped the "rally" FED started pumping again after the 2 latest banks "possible" failures Expect some propping of market for now (evident also on Friday 5 May) Price action Has been on an early possible bull cycle since Oct 2022 and remains so on long term indicators Key level to break now is 416 which leads to 421 and then 430 430 will be the confirmation of the bull cycle This does not mean there will be no pullbacks; Just remember that market always go from imbalance to balance, so MA5/MA20 are often reference levels Crash Don't see it for now, but a pullback of 4% to 8% is possible (will still maintain a higher low) There are still too many bear puts in the market which restricts the big pullback Earnings Although many companies seems to be reporting beats but note that it is because the estimates have been constantly downgraded prior to earnings Reality is many companies are facing earnings compression and recession This does point to a possibly good 2024 reporting Methodology Am using options to take the swing plays as market had been in clear and good trading ranges since Oct 2022 Longer term holds on good counters for 2024 or 2025 Am personally still bullish long term, but using price action to guide me through the liquidation breaks and major pullbacks Good luck, all! @TigerStars @CaptainTiger @LMSunshine @Deposit @melson $SPY(SPY)$