SPX: Final capitulation move before reversal?
The 5 April 2021 gap looks too enticing to not want to reach and bounce off it.
My bet is that smart money has that as their target all along and will find a news trigger to bring it down 5% in a swift scary move over the next couple of days (Friday seems likely candidate) to set up a bear trap.
Shortly after... everything is good, FOMC (next week) doesn't hike (much), ceasefire/peace in the Ukraine crisis, etc, etc. Melt up?
The poor gets poorer and the rich gets richer.
Short in the very short term, long in the short term, short in the mid-long term.
My bet is that smart money has that as their target all along and will find a news trigger to bring it down 5% in a swift scary move over the next couple of days (Friday seems likely candidate) to set up a bear trap.
Shortly after... everything is good, FOMC (next week) doesn't hike (much), ceasefire/peace in the Ukraine crisis, etc, etc. Melt up?
The poor gets poorer and the rich gets richer.
Short in the very short term, long in the short term, short in the mid-long term.