SPY EVERY BOX CHECKED

Every box is checked for a recession other than unemployment, so are the feds going to pause in June or do 1 more rate hike to stick it the borrower who is fighting inflation by using credit. Well you think we would have a better picture after all the fed speakers so far but there is mixed signals all over the place some say pause some say hike some are honest and say they don’t know. So along with that and the debt ceiling still stalling out it puts us in the tight range we are in. I haven’t seen so many daily outside inside bars ever (5 so far). This is also reminding me of last year in May when we were range bound for 8 days then just gapped down (May 27-June 8 2022). If that’s a sign to come watch out below or we invert last year’s May and take off. But THE YEAR OF CONFUSION continues. Also the end of the day had yields spiking and the market bleeding off as sellers stepped in to cash out. This Friday is going to be interesting so keep your powder dry.
As always trade what’s in of you good luck