SPY SHOWING WHATS TO COME

The market is telling us more pain to come. You know it’s bad when heads of hedge funds are begging the feds to stop the hikes and last week the UN did the same. JP Morgan CEO warns of a 20% crash and recession in the next 6 to 9 months, something we all know already. The macroeconomic is looking grim with nuclear weapons being spoke about more and more. I could go on and on about the macro but Q4 is about to get real ugly so use the fibs to wait for a pullback don’t go chasing or catching knives. The market is all about taking money from inpatient people into patient peoples hands. It’s a day traders market right now swing plays are dangerous unless you have a plan and are okay with waiting it out. Remember CPI will be released on the 13th we have had 9 reports the last one on 9/13 sent SPX falling more than -4%. There has only been 2 reports that sent the market up on 1/12 & 8/10. Use this information as you please. As always trade what’s in front of you good luck