I wrote two days ago but didn't dare to post it, afraid of being proven wrong. Many teachers are bullish. It seems that sometimes the feelings of retail investors may also be correct.
$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ In my personal opinion, the large cap will continue to decline for a few more days this week. From the chart, it seems that SQQQ has not risen sufficiently, and the S&P index and the previous ES support line have now become resistance lines. When the large cap attempted to rise for the first time, the strength was insufficient. The bearish momentum was very strong last week, with some bears choosing to take profits before the Fed meeting, leading to a minor rebound. I predict the Fed will raise rates by 0.75%, but the dot plot and the lack of rate cut expectations can convey a very hawkish attitude. After the previous stock market rebound led to financial easing, the Fed dislikes seeing another significant stock market rebound leading to increased consumer spending and pushing CPI higher. There are more people looking for rebounds these days, so the pressure will continue, waiting for the bulls to cut losses before rebounding.
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James35 : I could write that, too.
纲纲好 OP James35 : Yeah, I didn't dare to make it or hold a position. I cleared it yesterday. I watched the ECG show today.
MooMooTan : Powell is very fake and doesn't want to fight inflation at all. You can't believe what he said. 100% politicians would have raised interest rates a long time ago if they were to fight inflation.
MooMooTan : I didn't dare to hold a heavy position yesterday.
钞票打印机 纲纲好 OP : I made a small profit and ran away today.
纲纲好 OP MooMooTan : He made too many mistakes. At the beginning of the year, he said that inflation was temporary. The interest rate hike in June biased that it was appropriate to slow down interest rate hikes at some point in time, saying that there was no recession and that a soft landing was possible. This is probably the result of a conversation with Biden if they want to reduce inflation again and not to decline. After that, the market did not follow their plans. It rebounded sharply and became financial easing. The core CPI was still rising, so he couldn't help aggressively raise interest rates. Today's bitmap shows that 0.75 and 0.5 will still have to be added later this year, and will have to continue to be added next year. Hurry up and go ahead
纲纲好 OP 钞票打印机 : S&P is really going to the 3720 I mentioned last time. Alas, I don't dare to stick with it
456632345 : He wants to really hit inflation by at least 1% this time
钞票打印机 : I'm guessing the market will rebound again tomorrow or Friday.
钞票打印机 : It has been rising since SQQQ was sold yesterday. Hey...
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