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.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
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.