$S&P 500(.SPX)$ 1.Could say there is still hope for both Bulls and Bears
Will have to wait until next week for resolution.
Sometimes the meme stocks gonna meme. But, not exactly a solid way to try and influence the "trend is your friend" crowd in any meaningful way. Short this mess directly down to that invisible lower channel line and don't look back. jmo.
2.This is what we call a "Deer In The Headlights"
>> US Dollar ~sentiment~ has collapsed
BUT *positioning* remains stubbornly long...
USD could easily crash under a wave of capitulation selling as the holdout bulls see the writing on the wall
3.Value vs Growth Turning Point
It sure looks like a multi-decade turning point is in for value vs growth...
The technicals are there but the relative value backdrop also makes a case (value stocks still trading near 20-year lows vs growth stocks).
https://twitter.com/Callum_Thomas/status/1614012028485570560
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