$SPY - The market might flash crash big time real soon
All because of this shocking discovery: imgur.com/cmdvJK0
I've never seen any stock go parabolic in stock hedging loans. Usually when a stock's heding loans spike, there can be a sudden rise or drop in price, it all depends on the situation and each case needs to be looked at differently.
The point is, i've never seen any stock's hedging loans go parabolic like this. I would be expecting that the market would be mooning from this at least in the short term as this thing rises. There have been instances where these spikes only cause the underlying to move once they've topped and whilst they're dropping, but not whilst moving upwards.
My point is that this is an anomaly, if the anomaly tops and then starts to drop, the market is going to move BIG time in either way and i don't see how any of this can be bullish especially with Covid being at an all time high in China, Rates being what they are and the supposed recession. So if i had to guess, yeah, this is a really really big move in hedging, like HUGE. Notice how even 2020 on the chart was not even comparable on what's going on here.
Second Example:
Here's a second example to see how other stocks move vs TQQQ and how even on the Log Scale Chart TQQQ has gone parabolic which is nuts.
imgur.com/Lbqn0Dr
So yeah, unless the next bull run is here, things are looking very grim for those people talking about optimistic Xmas rally one-sidedly to convince themselves that "market go up". I think market go down, big time and quite soon. I think there could be something setup for this just a bit after the 6'th of December, maybe on the week of the 13'th of Dec or generally in the next 15 days... SPY Dividends that usually cause everything to drop are coming really soon and we've just topped out on the absolute top resistance at $410... We're only going up if we do break $410... otherwise it's $385 minimum imo.
TLDR: Market maybe go down.
Obviously depending on the timing this happens with, other long plays will get destroyed along with a market move down. I'm thinking either next week during what should've been a short lived rally or the week after at most.
In truth i only know for sure that this is BIG. I've seen smaller spikes cause crashes or rallies... All i know for sure is that it's BIG and probably DOWN.
I've never seen any stock go parabolic in stock hedging loans. Usually when a stock's heding loans spike, there can be a sudden rise or drop in price, it all depends on the situation and each case needs to be looked at differently.
The point is, i've never seen any stock's hedging loans go parabolic like this. I would be expecting that the market would be mooning from this at least in the short term as this thing rises. There have been instances where these spikes only cause the underlying to move once they've topped and whilst they're dropping, but not whilst moving upwards.
My point is that this is an anomaly, if the anomaly tops and then starts to drop, the market is going to move BIG time in either way and i don't see how any of this can be bullish especially with Covid being at an all time high in China, Rates being what they are and the supposed recession. So if i had to guess, yeah, this is a really really big move in hedging, like HUGE. Notice how even 2020 on the chart was not even comparable on what's going on here.
Second Example:
Here's a second example to see how other stocks move vs TQQQ and how even on the Log Scale Chart TQQQ has gone parabolic which is nuts.
imgur.com/Lbqn0Dr
So yeah, unless the next bull run is here, things are looking very grim for those people talking about optimistic Xmas rally one-sidedly to convince themselves that "market go up". I think market go down, big time and quite soon. I think there could be something setup for this just a bit after the 6'th of December, maybe on the week of the 13'th of Dec or generally in the next 15 days... SPY Dividends that usually cause everything to drop are coming really soon and we've just topped out on the absolute top resistance at $410... We're only going up if we do break $410... otherwise it's $385 minimum imo.
TLDR: Market maybe go down.
Obviously depending on the timing this happens with, other long plays will get destroyed along with a market move down. I'm thinking either next week during what should've been a short lived rally or the week after at most.
In truth i only know for sure that this is BIG. I've seen smaller spikes cause crashes or rallies... All i know for sure is that it's BIG and probably DOWN.