Year3030 t1_ixoiry8 wrote on November 25, 2022 at 1:23 AM

None of these factors matter with the exception of some world event that would forever change the structure of the world as we know it. Currently the known options are nukes or viruses but it's unpredictable.

The simple fact that you predicted some tops correctly doesn't mean you can pontificate correctly with your armchair analysis about what "might, possibly happen, maybe?". None of the factors you outlined really matter overall. TA in my opinion still plays a small part but it's not everything.

The overall trend is the great deflation of the markets. The fed pumped too much money into the market so now the big boys are pumping and dumping on a downward trend. Zoom out to the daily chart and you will see a triple hump on a downward trend. You can draw a downward line that connects all three humps. Sprinkle some RSI numbers in there and voila that's all you need to know.

The other factor is greed, I'm not going to get into that but if you can understand greed and how the market is manipulated then you can anticipate daily moves.

Macro: shit's gonna tank soon, SPY to 340s with a rebound for Christmas but not above 400. Next year, shit's gonna tank even harder. Russia and OPEC will fuck oil production and everyone is going to be freezing and driving inflation higher.

Micro: It's going to keep oscillating to max fuck everyone that tries to 0DTE.

Npalmer3 t1_ixojhrn wrote on November 25, 2022 at 1:30 AM

I second the fact that you apparently making a couple good calls over the past year doesn’t give you any legitimacy. I think you have to check the things you think you know. This is a very simple and narrow analysis

[deleted] OP t1_ixoklh1 wrote on November 25, 2022 at 1:40 AM

[removed]

Year3030 t1_ixol35w wrote on November 25, 2022 at 1:44 AM

Sure, the whole trend is a "soft landing". If you think about it in this context they are "soft landing" by pumping, then deflating and rotating assets, probably offloading those bags to retail. This is how the soft landing is being performed. It's going to keep going. The 1929 crash had a big dip, then something like 12 bull markets over 18 months, very similar to what we have here. So buckle up this will keep going for a while, I think. There is no reason for the market to stay up, it's smoke and mirrors to create fomo and bag holders.