I've been talking about the market rallying upwards in my previous posts since June/July, and finally it's time for me to go short (heavy) in this market. :-) We've had strong #DP prints at these high levels that lead me to believe buyers are scaling out of their positions if not completely out. The flows have been consistent over the past couple of weeks with heavy Put flow today. We've been experiencing hard resistance this week, and re-testing it as the #FOMO fueled market drives upwards. At the most, I'm anticipating for a #bullish fake out if we do see more upside movement in the market.
Reiterating my belief that we're far from the 2-2.5% #inflation and events like the spending bills passing will only serve to aggravate inflation. I've been keeping my expectations on where I feel the market will likely trend. This time around, I see us making a new low in the next 6-12 months if not sooner this upcoming fall.
Reiterating my belief that we're far from the 2-2.5% #inflation and events like the spending bills passing will only serve to aggravate inflation. I've been keeping my expectations on where I feel the market will likely trend. This time around, I see us making a new low in the next 6-12 months if not sooner this upcoming fall.
