An update to our US equities chart
Updated
=> We have an update to our S&P chart (see attached for our previous idea on the weekly)
=> This selloff was telegraphed miles in advance in our telegram group because of the correction in yields due to inflation and rates.
=> The caveat which underpins the rush to the doors is politics with the US mid-terms around the corner we are dangerously close to trigger capitulation to the downside.
=> If these current lows hold next week then we may bounce into November otherwise we are aligned for a real bloodbath for the coming quarters.
=> This is a very advanced trading environment and we would highly recommend staying sidelined unless you can keep the emotions in check.
=> Well done to all those who made a few on the recent sell-off from our telegram group and best of luck to those tracking these current levels
=> This selloff was telegraphed miles in advance in our telegram group because of the correction in yields due to inflation and rates.
=> The caveat which underpins the rush to the doors is politics with the US mid-terms around the corner we are dangerously close to trigger capitulation to the downside.
=> If these current lows hold next week then we may bounce into November otherwise we are aligned for a real bloodbath for the coming quarters.
=> This is a very advanced trading environment and we would highly recommend staying sidelined unless you can keep the emotions in check.
=> Well done to all those who made a few on the recent sell-off from our telegram group and best of luck to those tracking these current levels
Note
"If these current lows hold next week then we may bounce into November otherwise we are aligned for a real bloodbath for the coming quarters." ... and the lows holding into earnings season as anticipated. Risk appetite growing into November mid-terms.
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