#ES_F @microefutures Cheap fabric and bad lighting. That's how you move inventory! 3 gaps underneath us having shorts support the bid going into month end next week.
Since 1900 the US economy has been in a recession 22.4% of the time.
But did you know 6 months after a new all-time high in the Dow it has been in a recession only 8.9% of the time?
One of the better indicators regarding the economy historically has been the stock market. Yes, stocks hit new highs right before COVID and in early 2007, but the great majority of the other times over the past generation new highs have more often than not meant an economy that was growing and out of a recession.
New highs today is another clue that our economy will likely avoid a recession over the next six months (but likely longer).
Lastly, there is no such thing as a magic geometric fractal discovered by a guy in a basement at Harvard when it comes to investing. If there was, they sure wouldn't share it for signing up for a free trial.
$VIX printed 65 but $VIX: $VXV topped at 1.14 which isn't comparable with the 2011,2015 or 2018 tops. It is comparable with the 08/05/2019 top. That was the SPX low for the rest of the year but the low was retested twice in August and there was another low in early October.
“To be successful at anything, you don't have to be special. You just have to be what most people aren't…consistent, determined and willing to work for it. No shortcuts."
~ Tom Brady
#ES_F @microefutures Overnight inventory is long 5584 a big level for me let's see if we can get over it. Otherwise, rotation back down to correct inventory
https://t.co/jptthKFzn5 a division of https://t.co/bzNtt5lgae is a community of serious minded stocks, options, & cryptocurrency traders collaborating together!
Join for FREE our @vwaptrader1 & @AllxDayxRayx trading room community at https://t.co/GfpAzvoG3K