SPY Crash Targets - How low do we go?
How low do we go?
Does JPow say the right things on Wednesday to fire up the rocket engine to SPY 500?
Does he throw gasoline on the fire by talking about rate hikes, and announce a quantitative tightening schedule?
I think the former. I'm watching FOMC, will be ready to catch a ride on that rocket, whichever way it goes.
My prediction is that we're going to target 1, but my conviction is not strong. My only long position right now is gold.
Does JPow say the right things on Wednesday to fire up the rocket engine to SPY 500?
Does he throw gasoline on the fire by talking about rate hikes, and announce a quantitative tightening schedule?
I think the former. I'm watching FOMC, will be ready to catch a ride on that rocket, whichever way it goes.
My prediction is that we're going to target 1, but my conviction is not strong. My only long position right now is gold.
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