Some crumbs ๐ฅ:
- For this rally to proceed, must start to push significant levels higher on Tuesday $ES_F/ $SPX and later on proceed to attack new highs above +2/+3 standard dev.
- If we do not, its a โ ๏ธflag that we will continue our decline down.
- If Fed keeps their "wait & see/react" approach come 1/29 FOMC, we will continue our decline to a 10% correction maybe further: $SPX 5500-5200 by March OPEX.
- Only way to stop this is Fed changing their "tone", catering to Trumps will and doing some form of a massive liquidity injection. (still a real possibility)
- Correction into March OPEX should spark another counter-trend rally almost reaching previous highs that will end between May-July.
- Q3 we get a massive correction, and "when we finally give up a topping process".
Thank you @jam_croissant as always and @maggielake for the podcast!
No update needed to this weekโs plan based on the Sunday night gap. If anything it provides (or will by Tuesday) additional clarity around the core idea on $SPY $QQQ