Is anybody else watching this potential head and shoulders pattern in the S&P 500?
If we see confirmation of this candlestick pattern then it might get ugly.
$Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Gold Futures(DEC4) (GCmain.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P MidCap 400 Futures(DEC4) (EMDmain.US)$ $E-mini Russell 2000 Index Futures(DEC4) (RTYmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(DEC4) (VXmain.US)$
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dwarrior : I have been watching it. So far my puts all gets “eaten” up.
SpyderCall OP dwarrior : I know how you feel. It is just part of the game
razo2 : quadruple witching Friday. it will be manipulated
70141151 dwarrior : My bullishness has also been cut short. AI's biggest success is that cutting chives is getting smoother and smoother![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
73772184 : cpi is a LIE
Dk kang : When pumped with Metaverse, the stock market was at its highest point, and now that it is pumped with AI, the stock market is at its highest point! We will find out only after time passes.
SpyderCall OP razo2 : Thanks for the reminder. First witching day of the quarter. We might see some rotation or rebalancing taking place. could possibly get ugly
SpyderCall OP Dk kang : Right. A lot of the time, news like AI can be hyped up to provide the final meltup before the selling starts. Even AI news has been used several times in the past to hype up market sentiment
SpyderCall OP 73772184 : I misjudged CPI today as well. took a small hit for it. After reviewing the report, it kinda looks legit. Basically energy was the biggest driver of inflation. but I am no economist, so I really can't have a valid opinion about this.
But I will be paying close attention to the oil market to get a good idea of how the fed is feeling
73772184 : it's Bullshit, the CPI number, everything is expensive, groceries, restaurants etc notnjust energy
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