S&P 500 IndexShort
Lost Decade Incoming
It seems like we might trade between the ATH vwap and October bottom vwap for the rest of our lives. Currently in the massive supply zone.
Broke down for a day, then saved by Meta's so called ""'earnings beat"".
With liquidity drying up, more short-term upside is a hard bet to make. Seems like a retest of ~3800/3900 is more likely.
From there, if we trade below the 45MA on the RSI, this market will look like shit. But if we stay above, I'd stay out of puts with exp less than 3mo.
Not really price prediction, but likelihood.
Broke down for a day, then saved by Meta's so called ""'earnings beat"".
With liquidity drying up, more short-term upside is a hard bet to make. Seems like a retest of ~3800/3900 is more likely.
From there, if we trade below the 45MA on the RSI, this market will look like shit. But if we stay above, I'd stay out of puts with exp less than 3mo.
Not really price prediction, but likelihood.
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