Christmas Crash, Redux Short

S&P 500 IndexTVC

Description

⋅ Oct 24, 2023 12:24 AM

In 2018 Congress failed to pass a budget and the US Gov't was shutdown. A monster dump ensued.

Now comes Congress unable even to elect a Speaker.
incompetence abounds. Expect the worst.

Trend is Down. Trend continues until the End at the Bend.

Comment

⋅ Oct 25, 2023 1:34 AM

Many comments noted, "this can't happen" and "this won't happen" "they would never let it happen" etc etc.

I never said it would, only that it could and you ought to be ready if it does.
The numbskulls did it before. Can do again.
If the budget passes, Santa might visit after all.

Comments

Schmitty69

⋅ Oct 25, 2023 8:17 PM

Democracy is a joke. Mass depression = democracy. Mass girls cutting = democracy. I want q good king. Not mass nonsense.

hungry_hippo

⋅ Oct 25, 2023 5:08 PM

Remember that Powell did a double rate hike in Nov and Dec in 2018, and the market threw a hissy fit It wasn't all about the shudown.

But I don't recommend going long until Thanksgiving week at the earliest, market usually drops when the shutdown is announced.

sheldon0531

⋅ Oct 25, 2023 4:05 AM

It’s possible…and Christmas is a big date

ChartMeNot

⋅ Oct 24, 2023 5:15 AM

Euro caught a bid today, let's not get ahead of ourselves

nzahir

⋅ Oct 24, 2023 3:30 AM

Congress will pass the budget again and usually market likes that no?

We are under the 200 day now, but seeing some potential divergences in rsi and price action (higher lows, but lower prices)

Even if we drop to like 3900s-4000, I can see a bounce to like 4350-low 4400s from here. A crash moment would be cool though