=> We have an update to our S&P chart (see attached for our previous idea on the weekly)
=> This selloff was telegraphed miles in advance in our telegram group because of the correction in yields due to inflation and rates.
=> The caveat which underpins the rush to the doors is politics with the US mid-terms around the corner we are dangerously close to trigger capitulation to the downside.
=> If these current lows hold next week then we may bounce into November otherwise we are aligned for a real bloodbath for the coming quarters.
=> This is a very advanced trading environment and we would highly recommend staying sidelined unless you can keep the emotions in check.
=> Well done to all those who made a few on the recent sell-off from our telegram group and best of luck to those tracking these current levels
=> This selloff was telegraphed miles in advance in our telegram group because of the correction in yields due to inflation and rates.
=> The caveat which underpins the rush to the doors is politics with the US mid-terms around the corner we are dangerously close to trigger capitulation to the downside.
=> If these current lows hold next week then we may bounce into November otherwise we are aligned for a real bloodbath for the coming quarters.
=> This is a very advanced trading environment and we would highly recommend staying sidelined unless you can keep the emotions in check.
=> Well done to all those who made a few on the recent sell-off from our telegram group and best of luck to those tracking these current levels
Comment:
"If these current lows hold next week then we may bounce into November otherwise we are aligned for a real bloodbath for the coming quarters." ... and the lows holding into earnings season as anticipated. Risk appetite growing into November mid-terms.
