Bait the Algos Tonight

The algos will likely be baited to want to long into the close.

This will create the divergence needed and a fake out, causing us to likely close lower from here.

Going into the close, we could envision a liquidity shock as some sellers will want to lock in gains of the last few sessions.

Ultimately, we are heading into month-end with 0 ‘trade deals’ besides a retreat in policy that has allowed the market to retrace from lows. Ultimately, we are heading into month-end with 0 trade deals besides a retreat in policy that has allowed the market to retrace from lows.

Overall, we still might have 2 weeks of this optimism; otherwise, if no new developments happen, it’s ‘sell in May’.