Complete garbage. See what happens. No position here...... if it makes it, I will be short. Maybe the banks were all wrong with their shorts. I would not want to see it claim this level, but if it did, the short is not far away. I am sure Powell's news will hammer it down or be the headline tagged to it (its not, its the chart that will bring it down but Powells speech will be the headline)
Like I said this thing is a Ponzi. This Christmas rally will only last till next Wednesday MAXIMUM. They are trapping everyone they can before it plummets during Powell’s talking next week. For now, I’ll short once Spy hits that $475 magic number or $480 (who knows where they will pump it) I don’t know. Thing moves like a penny stock at this point lol
CJS04
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@SkipDaRich, I loveeeeeeeeeee (and just for laughs, went on cnbc) and they have this article how Powell is confused and double talking and the fed is losing credibility and they are trying to throw investors for a loop and add confusion to things. Of course Powell "has bad news". How coincidental that timing will be too. Ha! I am just curious to see if we really make it there or not. If we break this level, that level just wont be seen. The banks are already loaded with puts.
PonzTrader
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@CJS04, I started a short position after the run when the fed spoke. How anyone thought what he said was bullish was funny.