Trade Idea based off recession indicator & squeeze any advice?
Updated
another pullback? Recession Probability Value of Spread
(Percent) (Percentage Points)
5 1.21
10 0.76
15 0.46
20 0.22
25 0.02
30 -0.17
40 -0.50
50 -0.82
60 -1.13
70 -1.46
80 -1.85
90 -2.40
(Percent) (Percentage Points)
5 1.21
10 0.76
15 0.46
20 0.22
25 0.02
30 -0.17
40 -0.50
50 -0.82
60 -1.13
70 -1.46
80 -1.85
90 -2.40
Note
Guess Michael Burry noticed too :)Trade active
Re Entry @ 5199.05TP1 Target: 4159
TP2 Target: 3471
TP3 Target: 3279
TP4 Target: 2261
Note
40% chance this trade will pan out, more than likely taking any short on this will only help maintain or lead to more price upside in the S&P. better off looking for the assets out of the S&P that have the most inflated price above fair value and short those directly. Im just a monkey banging on a keyboard so like all ideas on trading view this isnt financial advice just my thoughts, Let me know what your thoughts are on this, whats your analysis of the S&P?
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