Thats just how I feel from last weeks trading.
Alas, precision is not my strong suit, I just use indicators and events to ride the swings. Can't find a solid bull case based on technicals or fundamentals though.
Too much uncertainty, too much volatility, too many factors coinciding for 1st June.
The party is almost over.
Frankly, I'm taking a break come next Monday, for a few weeks anyway.
Yea, other people on here are calling June 24th too.
Agree, my precision game is kinda weak so left my prediction broad here but def expect the low to hit before end of July.
I think a drop below that and one could argue the bears are in control so I’m not sure how anyone could have a fully bullish attitude. Also volatility (tvix especially) held through after hours, atypical of the usual pump and dump volatility we see. Like folks were holding, which is rare with that thing.
For sure, they could dump first thing Monday and we could gap up and see 3200 this week. and these markets don’t feel real anymore (were they ever?). But I’m curious as to why people think it’s moving any one way. There was a lot of insanely large unusual option activity on SPY weekly puts for 6/22. Smart money being dumb?! I dunno.
Anyway, sitting out might be nice, for sure. Easier on the soul but then who doesn’t like a real good adrenaline rush?!