A small relief rally today before the close.
How long will that last?
I still think not out of the woods until after Wednesday.
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You still think FOMC is more hawkish than everyone is expecting, causing a dump followed by sustained bear market rally? I still think so. Melt up has not yet began IMO
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MM HFs like to pull juke moves like that to wreck retail options traders, because they can. Fake rally, Jerome wants his money back. $SPY 350 by EOY at least imo.
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Well it is such a big week for news and since almost no one with any brains trusts anything gov't or fed r comes out with newsy... Notice fed r and gov are separate..I think turbulence due to storms in short term. I would LOVE to be wrong.
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Lesson learned. Took AAPL puts just before the rally thinking it would be another false breakout in a bear trend. Will be very careful the next few days. Maybe follow the crooks with calls if they continue to run up the market.
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