This is looking like a BEAR market
- Thread starter SoyUnGanador
- Start date
The most important moment next week will be Wednesday from 2PM ET until Powell stops flapping his gums around 3:30PM ET
I really don't believe rates are a huge factor in this, depending on language he uses it may help the market some, but they already made their minds up regarding the selling. There's other things going on, or reasoning behind it. That's just what I see and my personal opinion though.
It's been pretty methodical and straightforward selling. It's not like we were bullish and came crashing down, they literally took the time to setup the structure on each market in order to squeeze every last bit out of buying liquidity they could, prior to us coming down. Hence making the likely hood of a sustainable return to these levels quickly, very unlikely.
Sure, we might get some fantastic rallies, I wouldn't even be shocked at a 400-800+ point NQ rally in a single day, or a multiple day rally of 400-800+ back to back. That wouldn't be out of the norm considering how much we moved down. None the less fact remains that there's only a super small probability for a V shape recovery and also a small probability that we've put in the lows in the markets.
It's been pretty methodical and straightforward selling. It's not like we were bullish and came crashing down, they literally took the time to setup the structure on each market in order to squeeze every last bit out of buying liquidity they could, prior to us coming down. Hence making the likely hood of a sustainable return to these levels quickly, very unlikely.
Sure, we might get some fantastic rallies, I wouldn't even be shocked at a 400-800+ point NQ rally in a single day, or a multiple day rally of 400-800+ back to back. That wouldn't be out of the norm considering how much we moved down. None the less fact remains that there's only a super small probability for a V shape recovery and also a small probability that we've put in the lows in the markets.
This guy knows.
The way week ended and next one may start, might be a moot point by then.
There won't be a CARES Act followed by 2-3 more rounds of bailout & 0%IR's for a V-shaped recovery
the conditions that created this bull market are over. unless unknown new conditions appear ~ then there is no fuel left for the bulls continuing upward. At best we slow chop down and at worse we get karmic bear who is rather angry about being pummeled for almost 2 yrs. Another 20% down from here is possible.
+1 right re response to Powell market mover
re bear mkt I wouldn't say it's started til S&P stays under 200sma for >3days. it broke it yesterday, prolly get bounce mon tue then we'll see if selloff continues
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Like I said.