I'm unreasonably confident in a hard rally to a new lower high coming soon. The market feels like it is accepting that we are in a bear market and everything will continue dropping, that usually means it will not. I'm bearish for the rest of 2022 at least, my target is 350 but I don't believe will test 400 before a decent bounce.
This idea goes out of the window if the Fed surprises with a 50bp hike, I sincerely doubt that will happen though.
This idea goes out of the window if the Fed surprises with a 50bp hike, I sincerely doubt that will happen though.
Note
this is going well. took some profit. not sure how much i trust this to continueTrade closed: target reached
target reached. time to brace for the downside i think
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.