Valiacuse

🐻 Will tomorrow be a bear party? 🐻

Short
Valiacuse Updated   
OANDA:SPX500USD   S&P 500 Index
@YouCannotBeSerious @unicow
We called it boys, we kings on this blessed day, enjoy the profits I certainly am 🍣

China's bubbleboy warnings scattered the bulls and prevented any real shot at a surge.
Now that the momentum is pushing us down, we might as well cross 3850 and explore 37xx.
That's what I feel will happen, we might go up to the 3890's then dive down, we might not reach 37xx today but we'll make a dent.

I would've felt more comfortable if we crossed down beyond 3868 but oh well.
There is still the risk of rushing upward, positive stimulus news could still wreck us.

Medium term, shorting this will be nothing short of suicide.
Biden admin plans on signing the American Rescue Plan into law by March 14.
Direct deposits would likely start the week of March 22, with checks beginning to arrive the week of March 29.

Last time that happened markets went bezerk and they will do so again.
I am aiming for 3775 then I am flipping and joining the bull 🐂 squad.
Long term this is even more suicidal as the US vaccination program is picking up.

This might be the only week 🐻s will get for some time.
So grill those steaks boys as if it is your last 🥩
Comment:
We just crossed 3868 and we're fighting to below that support, if we do, we will be grilling them steaks proper.
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