$SPDR S&P 500 ETF (SPY.US)$ breaks 377 and it's waterfall ti...
$SPDR S&P 500 ETF(SPY.US$ breaks 377 and it's waterfall time
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LooseMoose : Not a shot, even if it’s somehow does manage to get down to that level, the market makers would sooner die, then see this waterfall down or skyrocket up
QG BIG SOCKOP LooseMoose: dare question the sock. watch it get filled then. just a helpful comment. yesterdays low gets broke and we are going straight to 375
LooseMoose QG BIG SOCKOP: Lol actually right after sending that I kind of regretted being so adamant
LooseMoose QG BIG SOCKOP: In all seriousness, though look at the MTW sessions for every week, leading up to CPI announcements, pretty much held sideways, not your traditional definition of sideways, though, because there are spikes and dives, but always ends up in the center typically
QG BIG SOCKOP LooseMoose: good call on the retraction. do you think we go into CPI up 2% on the week? I might be a bull tomorrow but most definitely not today. good chance we go to 370 where we were monday
LooseMoose QG BIG SOCKOP: Honestly, I have no idea lol. That’s kind of my mantra and mindset right now. No one has any idea, but we do know that things will most likely be extremely volatile once the numbers are released, and as a result, it seems like the market seems to be all about deploying capital to position against potentially disastrous risk from open options, etc.
QG BIG SOCKOP LooseMoose: it can come in soft and the market still gets hammered imo. earnings have been crushed and multiples have to come down. going to take under a 7 handle to move markets up and like you said to me earlier, there isn't a chance in hell that happens.
LooseMoose : It seems like the narrative is simply waiting for the next pot twist, waiting until the next definitively positive or negative event before advancing further. I’m looking through the eyes of the institutions who really controlled what happens day today, they’ve been burned a bunch of times, betting the wrong way before these economic data releases, so their strategy seems to be mitigate risk, whatever positions they have made money on, and still have open, mitigate as much risk as they can before hand, and as a result, I’ve been establishing those hedge positions and keep the market range bound