CPI data is out today an hour before open and I think we get a little more relief. I think CPI will be high but lower slightly (remember this is a manipulated number not based on reality) the market is looking at month over month (m/m) to go DOWN, if it does the market will rally. If m/m is increasing we will see a bloodbath maybe I'll get my 1000 point drop
If it rallies it will be short lived (less than a few weeks) before the "market" realizes that inflation is not dropping (or only dropping where the FED has crushed the economy, showing the FEDs destructive policy intent) - sending the market lower again.
I made a note before I went to sleep, that gold hit 1835, Oil bounced off support at 99, VIX and NQ were both at resistance looks like NQ broke out and VIX down.
My silver buy yesterday looks great, my VIX will open red but that's ok I bought August expiry.
I'm going to do QQQ, Gold, Silver, oil, and close with VIX, and NQ.
$Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraShort QQQ (QID.US)$ Broke the 100MA and trendline, 150MA (cyan) is next, then the 200MA and a longer trendline at 220ish
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W Chiang : Cpi seems not so good
LuckyPiggie : man ... arent you busy running around
happy working
iamiam OP : CPI higher hahahaha PAY ME!!!!
W Chiang :
101828445 : Could you share your options plays for SQQQ, VIX and UXVY?
102970152 : 0.3
102970152 : month over month +0.3%
LuckyPiggie : future going up and down ..
102539156 Dan : Cpi seems planned… not up nor down
Any advise? It seems to poise for rebound today
输赢发型不乱 101828445 : Triple shorting real estate returns, more and safer drv
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