SPX Retraced to DOWNTREND Line - Short it from the Fib

C.P.I number will be a catalyst ....and since the FEDS are signaling another .75% hike next following week
This bounce had no Volume to support it
FOMO retail
Now we are done and can see a Red Week
Moving Averages become the resistance on the way down
ES FUTURES ROSE FURTHER AND TOUCHED .618
Es1 and QQQ @307 AND US100 rose to June resistant Levels --
Huge Bear Flag on the Futures
See attached idea

• Headwinds To overcome
  Fed Trillion Dollars of Bonds to UNLOAD on a Falling Bond Market
  Fed Raising Rates – Devalue the Growth Stocks
  Europe De-industrialization – Recession
  China Real Estate Meltdown
  Energy Crisis – Destruction of Consumer Spending
  Strong Dollar – Hurts US Sales – Exports
  Rising rates – Real Estate Melt Down
  

A song for times as these

And the solid candles' red glare, the gamma bursting in air,
Gave proof through the night that our SHORT was still there.
O say, does that open Put yet wave
O'er the land of the free and the home of the brave?

Zlecenie aktywne:

Short QQQ and SPY options. EOM expiration

Zlecenie aktywne:

May close out after FOMC