$Citigroup(C)$Fed will Cause a huge recession Mark this post They will only cut once economy collapses under weight if massive rate rises[Sad][Sad][Sad]The higher interest rates may cause great pressure to financial institutions! Some uncertainties in the future!
$Citigroup(C)$After an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it.Bull Case:We have a give or take 17% potential run to the upsides resistance level.Bear Case:Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run.On the other hand, these huge banks may get another program to help bail them out AND/OR they benefit largely from this rate increase/no cuts from squeezing all of the regional banks!To sum up, the possibility of bull case is higher!C: Leap this trade into next year! High Rates/No Jerome Milk Left
$Alphabet(GOOG)$ finally made new highs.[Happy][Happy][Happy]Just hit a major resistance cluster.Watching closely here, could turn.$ 157.95 - 160.24 is immediate resistance.$ 149.93 - 150.66 is first good support below.$ 202.23 - 203.89 is next major target above.GOOGL: GOOG heads up at $160: record high, possible top/pullback spot
Confidence has increased the SPX 5265 peak marks the top of the [W3] rally
Confidence has increased the $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ 5265 peak marks the top of the [W3] rallyIf SPX exceeds 5160, it should rally to 5205-5231 to then reverse sharply.Main lean is that the 5265 peak is not crossed to produce a multi-week correction to the 4916-4800 range.ImageImageWe were expecting a sharp reversal from Thursday’s high for both SPX and $NASDAQ(.IXIC)$ 📉Friday produced a powerful decline from both their respective highs with SPX fading 100 points and NQ 400 🔥ImageImageImageImagehttps://twitter.com/TriggerTrades/status/1779726356147744976