Have enough bulls taken the bait? Have enough weak-handed bears been shaken out?
From what I can gather, from the time of this post to the end of May 22nd market hours, the fuse to ignite the SPX bear dynamite may have been lit.
I am of the opinion that the long-awaited Wave C has started which will bring annihilation to the farm, and guess what's on the menu? BBQ bulls.
For the last two months, I've had sleepless nights. Weekends where I've looked forward to them to end as soon as possible. Meals where there's no flavor, and days that were flickering in black and white like a Charlie...
The peak of the SPX in 2000 to the peak of the subsequent bear market rally == 5 months.
The peak of the SPX in 2007 to the peak of the subsequent bear market rally == 7 months.
If we count the peak of the SPX in 2020 to start from January, we're 4 months in.
I've read that the bear market continues not when the yields invert, but when the yield curves...
Please tell me why before the incredible bitcoin reward halving Bitcoin has managed to tumble more than 10% in a 30-minute candle on a Saturday evening. The whole concept of Paul Tudor Jones buying BTC making it an even more legit of a store of value isn't really even an argument. For all I know, he bought it to then dump it onto the next greater fool.
I want to tell the FED.
You can't have your cake and eat it too.
In the deflationary COVID world economy of today, the USA needs to have the US Dollar reign supreme to retain its kingpin status. But the higher the SPX goes, the FED has to cannibalize itself and weaken the dollar.
It seems like more effort has to be exerted to push SPX higher into the upper...
What a bear market rally we're going through right now.
Comparing the ratio of VIX 3M and VIX 6M, we have receded back into the 1 zone.
But I've marked on the chart with vertical lines where the market thought $h!t was sweet, where the ratio was 1 and below, where the VIX futures settled down from its volatile state, where all the bears either died at war or...
It's been rough for me during this bear market rally, but I think we've come to the point of exhaustion for it. Who knows though, we might see another pump. But I'll bet that with the market open tomorrow, with all the selling that'll commence, we're going to see a bearish cross with the EMAs.
All I want for Christmas is a 20% down day. Perhaps we will get it on...