SPY DÉJÀ VU
It was a central bank attack today to many to name but everyone is raising rates aggressively around the world. Traders trade so the news was sell. Friday we have options expiring enough money to reset any momentum, not looking good for the bull side I might have to pick up my bear suit out of the dry cleaners. We need to hold 388 if not 384 will show up quickly and then we need really good news in order to rally, the volume is super low so the bear jumping out of the window can happen fast. I really wanted a Christmas rally it looked primed for it but the mother of all trend lines is holding strong we are down more than 6% since the 410 high the rally was a 15% move so things are getting risky out there. As I’m typing this Asian stocks are falling it’s red everywhere so be careful out there cut those losses quickly and readjust your game plan that’s why I always say
As always trade what’s in front of you good luck
GO NINERS!!!
As always trade what’s in front of you good luck
GO NINERS!!!
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