It's been a while, sorry, but the SPX has been SO BORING.
We broke trend down on the hourly, making a lower high in price, and on the RSI. The head and shoulders theory is setting up nicely... but how long until the SPX ACTUALLY rolls over? With short interest as high as it is, and the fed using industrial-grade heat-pump air-handlers to blow hot air into this bubble, it's kinda hard to say. The fundamentals are pointing downward though, and who am I to deny them?
Short is as short does. Targeting 2800 at a minimum.
We broke trend down on the hourly, making a lower high in price, and on the RSI. The head and shoulders theory is setting up nicely... but how long until the SPX ACTUALLY rolls over? With short interest as high as it is, and the fed using industrial-grade heat-pump air-handlers to blow hot air into this bubble, it's kinda hard to say. The fundamentals are pointing downward though, and who am I to deny them?
Short is as short does. Targeting 2800 at a minimum.
