EL1296
2022-06-15

I see two paths to market action this week:

Monday and Tuesday fell sharply. Rebound after rate hike path announced on Wednesday

Stop the fall tonight, rebound tomorrow. Wednesday was up and then down.

I think Wednesday will bounce anyway for two reasons:

1. The market plunged ahead of schedule in anticipation of more stringent monetary tightening. So if Wednesday's rate decision does not exceed expectations, the market will bottom out and rally.

2、$Cboe Volatility Index(VIX)$ is the market's best feedback on fear. When the VIX hits 36, the market rebounds. Today's premarket VIX is up to 33. It can be found from previous observation that the faster VIX rises, the faster it falls back, especially if it exceeds 30 in one day, it can quickly bottom out.

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Comments

  • HarryCox
    2022-06-16
    HarryCox
    We need to know we are in a bearish market now. We can have rebound but that is not reverse.
  • WernerBilly
    2022-06-16
    WernerBilly
    Wednesday - Friday, rebound. Next week drop.
  • JTC
    2022-06-15
    JTC
    try
  • Jc74
    2022-06-15
    Jc74
    👌
  • AG84CL
    2022-06-15
    AG84CL
    👍🏻
  • KenMKH
    2022-06-15
    KenMKH
    [Strong]
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