Aug. 25 at 4:54 AM
$SMCI $APLD $SOFI $SPY $CCL I was right yesterday and I'll be right today.
Futures set up looks decent for now, probably a bull trap, there is literally no reason for the markets to be excited.
Nvidia earnings, beat case probably holds the market flat, really don't see a lot of upside potential here, and if they are raising prices that means their margins are under pressure.
At any given time China can come out and say they will not cooperate with economic d day. If and when this happens markets will instantly fall 2-3 percent. China is not afraid of loser Trump, not even a little. Infact they have all the leverage in the world right now.
September of a mid terms year is historically bad and that's without all of the Trumpflation, wars and potential geopolitical drama.
Could we get a pop tomorrow, sure? Dead cat bounce. Nothing goes up every day and nothing goes down every day, but the short term trend is clearly bearish. Get in cash for the post midterms run.
