On top of that spacex ipo could mark a peak eupohora type of event, not necessarily bubble into crash but definitely might see a lot of stagnating growth the next quarter
Maybe bigger correction incoming. Why would you buy here? 7000 ES is not out of the question, short side is more emotional so maybe we even overshoot closer to 6500
2 ways to look at this, were in new paradigm and market needs to pull back for a week or to before continuing trend. But I’m constantly wondering if this is a huge FOMO trend. People waitng, waiting for pullback, its finally here, but turns out not to actuallybe a pullback, people who are in deep profits, maybe theyre out or unwinding now. I’d be way more comfortable waiting for a base to form, historically I fuck up these situations, so time to sit on my hands and watch.
I also have no clue what the possible tail event could look like. Sus accounting by semis and ai firms? Nuke gets launched?