New equity bull markets typically pull back hard midway through Q1. Expecting a 10-15% correction.
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It was OpEx yesterday and MMs pushed prices down. Expected ... but certainly could be the start of the anticipated sell-off!
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3950 is Tom Demark's level. I'm expecting a gamma-squeeze and then dump just like we saw in June and September sell-offs.
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I believe that the massive hedge fund degrossing that happened last week was the "correction". Big players ate up whatever the HFs puked. Looks like we will rally into Q2.