Very brief. I’ve thought about this good and plenty and this is my updated analysis.
We are heading to $435ish on the $SPY, a 5% jump from here and then we’re done.
The last time Stocklabs clustered oversold like this was back in January. This was the price action.
And this is where we stand now.
A 5% jump could equate to a sharp 10% lift in most of your favorite piece of shit tech stocks. Once this move is achieved, we will die.
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As one of the more relevant financial system journalists (me. not fly), stating in 2016 there was direct programming framework and apparatus on the 3 primary indexes,
their pivot-saves in this sequence since january couldn’t be more 5th grader or 3rd grader readable ie today at 2:30, march 16 etc. doubtful it lasts or goes 5% but we’ll see
“Credit markets continued to crack with HY Spreads at their widest since the COVID crisis”
“10Y Real yield goes positive for the first time since Mar 2020, spiking up to 0.16% intraday”
I did happen to mention credit market as a watch several weeks ago