Nov. 23 at 10:27 AM
$DIA $SPY $QQQ $VTIP @Chris322 almost always agree in a down NOV, idk this year.
This might be the dead cat, possibly the previous bounce was and this is a deader cat.
Govt stats are bad, MM's might stage a massacre of an early exit, try to get out on top, and hook retail with the slow cook off. They could float staged rally's for feigned confidence. Keep retail just hanging on.
Confidence in the positive labor numbers is questionable and Powell is resistant to giving up ammo in case there is a QE requirement. The FED tightened over the previous 3 Q's net selling securities. He isn't lowering rates unless there is a catastrophe is my bet.
I am hedged for this, past year rotating into dip buys, Yen and Euro and keeping a more substantial cash position than usual.
Good luck, I hope you slay.