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Posted by
Two Blokes May 15 -
Filed in
General
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#TwoBlokesTrading
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Kevin Green says today's weakness is not the full picture as he highlights a broader participation across the entire market as opposed to Wednesday's larger concentration in the Mag 7 and Comm. Services stocks. KG believes there is a little bit of "exhaustion" in this week's rally, but adds that bears don't have a "real reason to aggressively sell off this market." Later, Kevin examines the longer-term E-Mini S&P 500 Futures (/ES) chart, comparing the current rally to a 2022 scenario. And, he looks at the inverted head & shoulder pattern taking place in the 10-year treasury yield futures (/10Y).
