Well, it always seems to happen when no one expects it.
S+P 500 move to up to 3400, an "expectation", perhaps even an "assumption"
was seemingly hit this morning by a violent Bull Trap,above SPX 3375.
Stops were hit in a domino type way that only pressured th selloff,
which certainly caught the "majority "by complete surprise.
This downside "event" took a while to fully materialize this week,
coming after Apple's profit warning on Monday and the unmistakable buying in gold,to the highest prices since 2012
and the continued deterioration in long term interest rates, where the US 30 year bond now is offering only 2%,
to investors, who wish to give their money to the US government for 30 long years.
Bullish retail" investors piling into stocks unwittingly, and continually
perhaps contributed to the" pin that popped "this bullish balloon today.
SPX Last 3352.90
THE_UNWIND
2/20/20
NEW YORK
S+P 500 move to up to 3400, an "expectation", perhaps even an "assumption"
was seemingly hit this morning by a violent Bull Trap,above SPX 3375.
Stops were hit in a domino type way that only pressured th selloff,
which certainly caught the "majority "by complete surprise.
This downside "event" took a while to fully materialize this week,
coming after Apple's profit warning on Monday and the unmistakable buying in gold,to the highest prices since 2012
and the continued deterioration in long term interest rates, where the US 30 year bond now is offering only 2%,
to investors, who wish to give their money to the US government for 30 long years.
Bullish retail" investors piling into stocks unwittingly, and continually
perhaps contributed to the" pin that popped "this bullish balloon today.
SPX Last 3352.90
THE_UNWIND
2/20/20
NEW YORK