For only the SECOND TIME
▪ In the history of the S&P 500
▪ We set new all time high closes
▪ 6 days in a row
▪ And then closed at least -4.5% lower 6 days after that
The other time was Sept 2020.
That was a panic day.
The VIX jumped 39.7% on June 5.
Since the 1990s, a 252 trading day hold after similar spikes produced 12 trades. 11 were positive. 1 was negative.
Average win was 12.6%. Average loss was 1.4%. Nine to one.
Read full analysis: https://t.co/q3WU6JaPii
Counter point:
- ppl said they were late to equities basically from 2017 onward yet the indexes keep going up last 10 years
- ai, robotics, quantum, space: these are long term metas that are really just starting
- the biggest most profitable companies in the world are pouring in hundreds of billions of $ into these
- the govt is investing in these companies too, the ultimate backstop
- we definitely are not early to crypto rn just because prices look “cheap”
Counter counter point: we know crypto better and it’s comfortable
upon further analysis even ZEC is probably cooked (2nd best and only other decent narrative to bid) and will nuke to 300s (see monthly) so idk why im bagholding