Just remember, the sentiment was near identical in early november...Basically, it is very difficult to be a bear with CB's conspiring to squeeze the living hell out of you...But the SP at 2050 area is even beyond what the Fed considers "fair value"...i.e. expect more hawkish "Open Mouth Operations" since it will make this market even more vulnerable than it already is if/when the next downside catalyst appears.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Just remember, the sentiment was near identical in early november...Basically, it is very difficult to be a bear with CB's conspiring to squeeze the living hell out of you...But the SP at 2050 area is even beyond what the Fed considers "fair value"...i.e. expect more hawkish "Open Mouth Operations" since it will make this market even more vulnerable than it already is if/when the next downside catalyst appears.
The only thing that scares the fuckers is the Orange Man. They are literally 'fuckers' since they fuck with your assets and debase the dollars you work for by continually printing so everyone can have a Obomo phone.
And like clockwork another Fed governor goes "hawkish"...Can't let this thing rip too much higher, a nice safe trading range and a good mark up for end of quarter statements.
it needs to consolidate or go down here, for the bear's sanity
Odds are it will be one of those rolling chops lower with alot of intermittent spike bars higher to scare the living hell out of the PTSD bears...Remember 11/3-9? The very definition of rolling chop.
Sold at $6.37
Just sold for a huge 15% +
Still holding DUST waiting for $4.50+ on that one
Market desperately trying to cling to that 2027 support...Notice how the reversal bar that brought the market down there had to spike higher to clear all the stops (60min)...Essentially, you don't see those sorts of things when market poised to break higher.
Waiting patiently for the S$P to break back down which as of now not many at all are expecting it....