Can Bears get saved by Moody's & CPI?
A lot of folks predicting an inverse head and shoulders got absolutely rekt on friday.
Thursday marked the downswing and retail piled into puts. But the market squeezed them out.
Then after hours Moodys hit the market with a downgrade.
In the past this has lead to a 2-4% sell-off. The question is how soon can it happen?
I decided to manifest the bearish dream, what they are hoping can happen, the question is if it will play out. I think there is a chance.
My fear, or I should say my greed, (from a bullish perspective) is that CPI won't be a big deal and the market will dip a bit on Monday and rally on Tuesday with moderate CPI data.
But bears? They want panic on Monday, a drop down below the low of Friday and then a relief rally on Tuesday that gets slapped down.
I personally am bearish, I want a pullback to 428-425 range in the next 2 weeks. But I wouldn't mind if we got it in 3 days either.
Thursday marked the downswing and retail piled into puts. But the market squeezed them out.
Then after hours Moodys hit the market with a downgrade.
In the past this has lead to a 2-4% sell-off. The question is how soon can it happen?
I decided to manifest the bearish dream, what they are hoping can happen, the question is if it will play out. I think there is a chance.
My fear, or I should say my greed, (from a bullish perspective) is that CPI won't be a big deal and the market will dip a bit on Monday and rally on Tuesday with moderate CPI data.
But bears? They want panic on Monday, a drop down below the low of Friday and then a relief rally on Tuesday that gets slapped down.
I personally am bearish, I want a pullback to 428-425 range in the next 2 weeks. But I wouldn't mind if we got it in 3 days either.