Bullys digging hard for that 05 print … deductive reasoning should have you long from 70-72 dip. Scaled exit here from 3801 to 3804.50... scaled in case of a spike
Few world indexes are trading near rather obvious support levels, crash and burn won’t be an easy objective. I’m long
“In April, the Scion Asset Management boss claimed the Fed wasn't interested in curbing inflation; it was tightening to give itself room to cut rates and expand its balance sheet if equities and consumer spending collapsed. "The Fed's all about reloading the monetary bazooka," Burry tweeted at the time. "Serial half-point hikes are for getting elevation before stocks and the consumer tap out. Same with rapid-fire QT." https://markets.businessinsider.com...serve-stimulus-balance-sheet-drugs-2022-7?amp