In 2022 we got 2 of the top 10 Worst CPI Market Reactions The forward looking returns are quite bullish given the other dates.
Holding this trade against sentiment looking for a reversal to happen next week.
If $IXIC doesn't rally 2.1% on MONDAY we will witness the worst month since inception of $NASDAQ. So far this title is held by JAN 2008, where we finished down 9.9%
I was following the x4 OPEX closely last week because options are the market. The amount of QE liquidity in options over the past 2yrs has been distorting this bull trend for 2 yrs but also causes predicable dips during OPEX. So it wasn't a surprise Thu-Fri Dip to 20 50 EMA was this predictable. The only question now remains. Do we rally back next...
Hi, My third idea for Oil (and the worst of the three) is that we're in a zigzag (5-3-5) pattern for Wave-2. I decided to keep Wave-C above 50% retracement of the larger Wave-2, so that we could actually be in Wave-2 and be impulsive. Doesn't need to be the case. I don't care because I will be dead before Wave-3 in this case, haha. Something like 2080 before Wave-3.
This information is not a recommendation to buy or sell.