I am bearish given the macro env and how these environments play
out historically. But my shorts are light here. If CPI comes in a
tick lower than expectations then the delusional folks who think
this means fed rate cuts will power the index up. I imagine that
trend line will get pierced by the short coverers. I will short
heavy there. I sure as hell hope that plays out.
So many people watching this
If CPI comes in good,the squeeze is just going to ...
Posted by curranjohn on 11th of Jan 2023 at 12:41 pm
So many people watching this obvious trend line.
https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=4&dy=0&id=p94945487399&a=1327345144
I am bearish given the macro env and how these environments play out historically. But my shorts are light here. If CPI comes in a tick lower than expectations then the delusional folks who think this means fed rate cuts will power the index up. I imagine that trend line will get pierced by the short coverers. I will short heavy there. I sure as hell hope that plays out.
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