it just doesn't make sense....
okay i was wrong. Fed did not do what Bullard suggested. Imo this hasn't changed my perception of the market. I still believe this to be a bear market rally. You can call me an idiot or whatever but there are discrepancies in the charts that just do not fundamentally meet the requirements of a new bull market.
My main major ones are Dow Jones Industrial average going sideways even though tech stocks are going full bull and ndq and spx are 'breaking out' why no commitment to this move from the NYSE or DJI?
We have seen BTC frontrun this risk off move but it now stalls this spx and ndq move at key rsi, price and moving average resistance.
If you want to see a bull market, dow jones makes the first move and the risk off follows gradually, same for bitcoin and the altcoins.
Please be wary that, the market and dovish Powell have wiped lth shorts and puts and in place come some very very horny longs
Everyone waits for a pullback
My worry is by the time the pullback is in effect, we get a bad cpi print and the 'new bull market' traps everyone into buying every dip again, we break key support and make a new low
That would be max pain right now
The shorts are mostly out
Longs are getting horny
This move could last a while. It is hard to figure out how high this goes. It is hard to work out when the negative divergence (shorts fueled price action) last for on daily timeframe.
The charts do not make sense. Usually when this happens a huge shock to the market occurs. Market, in my opinion, is not in disbelief, and agreeing with this rally calling fed's bluff.
I am contrarion, I am not perma bear, I believe the markets will create a horrific new low soon.
Max pain right now is so clear on the chart: shorts and puts gone or in anxiety, longs and breakout traders in euphorian complacency
There is no better time than right now or at all time highs to rash the market. Sentiment in my opinion is at all time bullish hopium. A little push higher is all it takes to convert the precious hopium into confidence.
My main major ones are Dow Jones Industrial average going sideways even though tech stocks are going full bull and ndq and spx are 'breaking out' why no commitment to this move from the NYSE or DJI?
We have seen BTC frontrun this risk off move but it now stalls this spx and ndq move at key rsi, price and moving average resistance.
If you want to see a bull market, dow jones makes the first move and the risk off follows gradually, same for bitcoin and the altcoins.
Please be wary that, the market and dovish Powell have wiped lth shorts and puts and in place come some very very horny longs
Everyone waits for a pullback
My worry is by the time the pullback is in effect, we get a bad cpi print and the 'new bull market' traps everyone into buying every dip again, we break key support and make a new low
That would be max pain right now
The shorts are mostly out
Longs are getting horny
This move could last a while. It is hard to figure out how high this goes. It is hard to work out when the negative divergence (shorts fueled price action) last for on daily timeframe.
The charts do not make sense. Usually when this happens a huge shock to the market occurs. Market, in my opinion, is not in disbelief, and agreeing with this rally calling fed's bluff.
I am contrarion, I am not perma bear, I believe the markets will create a horrific new low soon.
Max pain right now is so clear on the chart: shorts and puts gone or in anxiety, longs and breakout traders in euphorian complacency
There is no better time than right now or at all time highs to rash the market. Sentiment in my opinion is at all time bullish hopium. A little push higher is all it takes to convert the precious hopium into confidence.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.