bla bla bla:
Reminder of that ISLAND GAP on INDU 11/28. We calculated the STOP on that translated to 2684-91 SPX
And the “Powell Put”, (drawn from noon-ish 11/28 when the market started to respond to his prepared comments), hit at roughly 2700 SPX
Ha ha, our favorite evil site just called it the “Neurotic Market”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
tough to call here: whether there still will be a revisit or not.
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A wit on twitter said Powell and the White house succeeded in taking out all the shorts leaving a vacuum. Seems reasonable. But I would add everybody expected this, the only question was the timing and the extent.
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