Minute 2:05 starts er off with a fantastic scene: "Whatcha got there boys"? The Medici - Godfathers of the Renaissance 1/4 BG sub hour 2/4 minute 36 has some from a renaissance expert. Not my cuppa tea. https://www.bitchute.com/video/MOf9DefNeorb/ The youtube hour 2 of 4 copy of this is restricted... it's on bitchute at minute 36. This entire series is più eccellente!
Easymon, if you have any desire to speak VOX, send me a PM and I will gladly give you my number. Phone. Fuck Skype and all that. I sense you are old enough to know how to use a telephone.
The downtrend may continue yes but the magnitude of today's move would not be repeated. The entire down move today is an overreaction. The market didn't expect that Powell would have the resolve to stick with fighting inflation even at the expense of having a recession now that they know and they panicked a bit. Now that they know they will adjust. The market always adjusts and you will see the down move magnitude from now on will not be as big as on this Friday unless there is some really unexpected market-moving news or economic data.
FALSE! But true. The market will see moves of this same magnitude down, just not in one day. I expect this next week to slowly fade another 5%. The week after, another 2%. The Sep Fed meeting is now the most critical decision this market will face after the inflation prints. See how the VIX is above 25 when the marker closed? 25 VIX is a bottom now. That is your baseline until Fed decision. Range it from 24 to 30. This means more downside pain on equities.
Yes yes yes, I know that is some shit padu posted. Stop beating arounf the bush. You either want a phone call with me or you do not.
That I agree. But we might also get some up days here and there whenever we see some easing in inflation or some factors that could lead to a drop in inflation. The overall trend will be down until there is some "relaxing" in the monetary policy or at least some hints of "relaxing". But the upcoming Monday will be a flat day.
As far as I can tell, there will be no relaxing. So i'm in on Powell's strap-on. He totally fucked the Bulls. Next stop? Late Sep.
What do I think? I think that the market will fall. However, I would not go so far as to call it 'Black Monday'. I expect to see support either at the 50% or 61.8% retracement of the move from 3639 to 4327.5 in ES to hold as support. See below. How am I playing this? I am short the market going into the weekend as well. See below for how I view the bigger picture.