Wow, year end fireworks on the way.
CALPERS Board just moved equity allocation from 51% to 46% and dropped "private equity" from 10% tp 8. So looks like 7% shift out of stocks and hedge funds.
likely this is to test range low instead of double top.
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ES 3:30 move targets. If it is a ramp as usual VWAP is within reach at 2259 and slowly dropping.
If they sell it into the close S1 on top of Friday's low on top of ADR low 49.50, 49 and 48.25.
Still short. Still expecting a big gap down at some point. Obvious catalyst will be major break of triangle. Then maybe we run several points down in an hour or less lol.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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