This seems about right, ITs good to have the FED let us know where the top is going to be.
Once the rate cut happens (or no rate cut happens) big tech exhausts itself / the narrative changes and its about the election ?
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'm not sure how long it will take for retail dip buyers to realize it, but they’re getting outmaneuvered. Sometimes it called getting SPANKED. Right now, it’s not about the bulls or the bears—the market is being controlled by those with deep pockets.
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In my experience, the SPX/DXY correlation serves as a reliable sentiment indicator. Currently, the bull and bear cases seem evenly matched at 50/50. However, I have been surprised by how quickly the bearish argument has been gaining traction. It is interesting to note that, according to this chart, the SPX could still shift to an expanded flat pattern.
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