Would you invest in SPY knowing that it most likely going to tank next morning. You wouldn't , but feds are. My old setup may still play out (large H&S), but it may struggle. We open with a gap up, I expect sharp sale off at the bell or during unemployment report, then if 282 doesn't hold further pullback tomorrow. However that chance is slightly overshadow by Feds pumping. Market collapse, in my opinion is inevitable , when remains unclear. I get the feeling that they may want to artificially hold it up until elections.
Conclusion I am going for quick short this morning (SPXS) and will exit if I see sign of bounce. Good luck
I came to that conclusion too my friend, looks like we are going to have a zic zac pattern for a while. Thank you for your idea my friend
Petrichor_
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I'm hoping it still turns down today. May start around 10:30 PST. That's been the time for the last week but who knows. I don't understand how it reversed back up after yesterday's rapid fall, and after hours continuation. Maybe this market needs major bankruptcies for it to get shocked back to reality. And that could happen any day.