Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
and we're off!
In the past I would say "Use caution here, as it's EOY quad-witching."
But with the Fed now behind the market's back, it's probably more of a throw caution to the wind-type deal.
YM is still where the fun is for me.
If they're stupid enough to drop it a little, i'm adding.
38k - 40k is next
If they're stupid enough to drop it a little, i'm adding.
38k - 40k is next
dip here to join the fun if you are flat
For those that believe in statistics, triple witching day is a red day 79 % (!) of the time over the last 5 years with the average change at - 0.73 %. December being no exception.
"This time it's different™?"
It's usually always the same - with a minor twist...
The crowd gets excessively bearish as the market heads lower and euphoric as the market rallies. We now seem to be in that euphoria stage, but when that reverses is tricky to time. Maybe we'll wait until 2024 until we see a substantial correction.
I would not be pressing the long side today, though. I'm sure we can hit 4750 and probably even close in that area.
Except this time is different. How does it drop, when every dip they deploy unlimited funds and cause and instant V? They won't let it drop and everyone knows that no matter what each tiny dip will be chased. If you've been paying attention, every large red candle becomes free money.
This is not 2022 or beyond when they would hunt stop losses or force people to panic or look to take the market down to get in cheaper prices.
I see that there are attempts to take profits, but each time they shove so much free money into it, that it instantly V's. I just don't see how it changes. Don't care what it did in the past, because we are seeing something completely new this year, and I don't see how it ends.