This seems like the temporary bullish pain trade that will frustrate bulls and bears
Nota
JPo needs to allow that on March 22Nota
Liquidity wave helped bulls from the most dramatic bear scenario to this oneNota
So apparently and in fact, market moved to the alternative scenario which is softerNota
Since Dec high, SPX is up massive..1.1%. WowNota
The low that SPX made on May 4, 2023 corresponds to the low SPX made on May 14, 2020 which was the start of the blow off into early June 2020, so then to keep time proportions this should go into end of monthNota
Starting the period for a more important high and potential reversal. Now, eventually at some point unknown this year, it is likely that 4340 to 4390 range will be attacked.Nota
Early June to late July/early Aug appears to be the higher volatility windowNota
After 5 months, small caps/mid caps/SPX equal weight are negative for the year. Everyone is in AINota
When I think that I thought about this pattern in Feb and now it is June already and has been playing so well. The real hint was the GBPSEK for this to materialiseNota
Likely expanding ending diagonal at the lower degree forming so a bit of a blow off
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.