The charts are telling me the bottom is in; and options have been too put heavy this week to push it further down. If tomorrow holds QQQ 327, bull dreams still intact. Above 332 confirms it for me.
News is still bearish, but the market has digested it and priced it in for the most part. Eventually Ukraine and Russian conflict will reach a ceasefire and that will pump markets. Oil is still an issue putting pressure on inflation, and markets, but supply issues are looking a bit more hopeful. That's the biggest thing to keep your eye on. The ECB didn't hike rates today, so that's a good sign for Fed FOMC. .25% is looking a lot more likely and bears will dump their puts if there is no surprise.
News is still bearish, but the market has digested it and priced it in for the most part. Eventually Ukraine and Russian conflict will reach a ceasefire and that will pump markets. Oil is still an issue putting pressure on inflation, and markets, but supply issues are looking a bit more hopeful. That's the biggest thing to keep your eye on. The ECB didn't hike rates today, so that's a good sign for Fed FOMC. .25% is looking a lot more likely and bears will dump their puts if there is no surprise.