VWAP looks to be around

    Short term very far from VWAP

    Posted by fredsaid on 27th of Jan 2023 at 03:53 pm

    VWAP looks to be around 405.7 on SPY which is no longer 1:1 with the SPX so can't say its 4057.  We likely hit that rail from Steve's parallelagram on Monday morning around 4105 and then have a nice 2 or 3 day consolidation down.   I agree with the comments in the blog - there will be no soft landing and it will be nasty and I do think it will be this year. Would love to see 50 basis points and it's what it required, if the SnP is above 4300 by the Feb rate decision in a couple weeks - it could happen.


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