@YuNoLogicReason@MichaelPBento Seriously. It's just so damn funny how much the market goes along with all the obvious BS that pumps it higher. NVDA ER eve would be a poetic start to a big selloff.
$SPX $SPY $ES
If the market is always looking 12-18 months ahead, then wen crash?
Consumer spending is fucked, inflation is fucked, credit is fucked, energy is fucked, 2027 is gonna suck. Who's going to be buying AI products from all the tech companies spending billions?
House of cards? Or do assets keep pumping because the dollar is fucked?
$SPX $SPY $ES they pumped it into close - above key GEX levels - to trap bulls after another day of chop. We could easily pump off PCE, NVDA ER, and even Jackson Hole, but I wouldn't be surprised if the market drops preemptively tonight back to 7640 (SPX) / 762 (SPY). Then lower.
@MichaelPBento Yeah reset for PPI. Maybe even hit YDL if we’re lucky. My crackpot theory is that Trump wants to show off the value of his Truth Social API for hedge funds this week, so his Iran posts signal the move lower. Then he posts a bullish one after they buy the dip.
@ATMSnipes Bro @ATMSnipes what a day!!! The volatility is going to give me a heart attack. What’s your target on this downside? I could see 7250 SPX this week to destroy the dip buyers one last time, but I’m going to be careful now - waiting for a decent dead cat starting in August.