SPX Update - Good CPI Scenario worked outHello traders!
Today I update the idea I shared on 13th Aug.
On 13th Aug i highlighted 3 scenarios (1 on tradingview considering bad CPI, 2 on telegram considering mid and good CPIs)
SPX followed the bullish scenario (green) - after CPI Aug release.
Market is really weird, personally I think that Inflation cuts will lead to lower levels if 50bps (because it would mean that US economy is really bleeding, bearish short term) - while would lead to a full bullmarket if 25pbs.
Right now we are holding and hedging position on BTC - which replicates SPX movements.
Buy Spot at 55235$ - Short at 60465$
Waiting for retest + confirmation to close the "wrong" alignment. - Saving our convenient buy (and planning others at lower levels) is our highest priority.
Send a DM for private channel.