Just broke out my crayons and realized the Pride Month is probably the top and this thing is Sodom and Gomorrah IMHO at these valuations. In other words, he who smelt it dealt it. Love your neighbor as yourself.
Market at inflection area. Long term trend lines going back to 2009 have been tested. If Powell hikes 75 basis points as is 81% probability then the S&P could have another leg lower to go through before the Covid inflation genie is put back in the stimmy check bottle.
Put option skew is not too bad and the Vix is down. A cheap way to play it would be to buy $3600...
Ok so the bulls scored a bounce. The trend is still down, however, and this hidden bearish divergence is clear and compelling evidence that the downtrend will continue into the summer.
I will post another chart for you on the SPX, as I called the top and crash here and think we have MUCH further to fall given the Fed's actions to control inflation, the...
I am looking for a one day drop of more than 5% to start first quarter and its because of the money flow, RSI, and stochastic sell divergences as well as the divergence between the rising vix and rising stock market. Omicron could do it, but also the re-opening could do it via the prospect of fiscal drag as the training wheels are removed from the monetary and...
Chart has a pretty similar fractal look to Top in March of 2020 (everyone was bullish then too). Trendlines in the way, vaccine issues, valuations stretched, lotta meme hype, too many overnight get rich quick kids at the casino... In Vegas, the house makes money BETTING AGAINST the public. We shall see.
