Stock Market Euphoria - Greed + Fomo + FED

I'm just going to put this out there. Clearly, massive divergence playing out on larger time frames. I don't think this will end well so here's my buy back targets. Yes, I'm well aware markets can remain irrational longer than one can stay solvent. Hedged and watching with Popcorn. :)

NOTE: NOT TRADING OR INVESTMENT ADVICE. ENTERTAINMENT ONLY!

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Just a quick update showing the exaggerated divergence. Not clear on the timing of WHEN this pulls back, but that is my goal to map out. Will update again soon.

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FED really has their work cut out to keep this market up... CTRL + P (I think).
Keep the money printing!

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Divergence is massive. How long can they hold this market up with printing $$$?

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It's happening.

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Corona was the news headline "cover/initiator" for the selloff to un-leverage the insane liquidity that was pumped into the market and allow insiders to get out while corp buybacks were instituted. Only ones left holding the bag are going to be mom and pop retail and 401K investors.

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Senator Richard Burr must have seen this chart... or perhaps he didn't?

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March 26, 2020 - Record 3.28 million U.S. jobless claims soar as Americans file for unemployment benefits. With "lockdowns" taking affect and services industries forced to close, how will this impact the long term? Will the economy bounce back once the infections/spread threats are neutralized and the restricted travel ban is lifted? More time here is needed. Meanwhile, looking at this retracement level before the market needs to decide on further capitulation or recovery. Cheers!

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Short was closed. Target 1 nailed with precision accuracy. Expecting Bear bounce/retracement upwards towards 2.8K - 3K before coming back down to retest TG1. I TRULY hope this does not go lower, but right now with the uncertainty, I'm not confident. Watching next few weeks and months to see how this plays out. Day trading bounces.

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SPY hit my "turbulence" retracement zone of around 2965. BTC also highly correlated to the SPY and has started to pull back. Now we'll watch to see if this goes deep or double bottoms from here. Could also see a last FOMO push up to 3K before this...

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Tagged the .618 retracement zone. Now Looking to see how long we hang around this zone before the next news event arrives.

I anticipate announcement of renewed or extended "LOCKDOWNS" in the coming month(s), along with "forced" vaccinations could drive this down to 1600 level.

Alternately, the FED will just continue unlimited printing, injecting cash to hold this up, for how long though is anyone's guess. I'd liken it to a frantic effort of continuously pouring water into a sand hole on the beach in order to keep the water level full, only to watch it immediately get absorbed dry!

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Just as planned... Thank you J. Powell n Friends.

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Is 1500 S&P coming soon?!

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Would this be something...

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Retraced above my target. NOW critical this breaks up above the last high, else a lower high will be painted could likely signal a selloff down for double bottom or worse, 1600 next target? Oooof.

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Quick update. Charting what I see leading up to the selloff.

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Diverging RSI retesting the trend. Watch for rejection or break up