SPX crossed 2% above ATH this week on a Friday rally that was based on flimsy words from a pathological liar. We’re in territory where there’s typically at least a brief pullback.

    I know a lotta bulls developed amnesia, given the run up these past three weeks, and I’ve profited off the rally myself (in longer term holdings), but for any regard not limited to a three-week memory capacity, you know it isn’t sustainable without a pullback.

    Granted, the market’s not rational, and I might be naive to even consider this, but it’s looking more like a setup for a pullback tomorrow with news like this. And no, this isn’t even close to last Monday’s circumstances. Given Friday’s events, and this weekend’s news, I don’t think a last minute tweet is going to stop a pullback tomorrow.

    https://i.redd.it/1abajqjjf7wg1.jpeg

    Posted by cankle_sores

    26 Comments

    1. Iran says one of their ships was fired upon by US warships, Iran responded and chased US ships away and the ship is under Iranian control.

      So there’s two conflicting stories.

    2. Standard Sunday meltdown. By Tuesday we’ll have headlines the cease fire is extended, talks are going great, the war is almost over. Blah blah blah market rallies 2%.

    3. DeadguyTheLateGI on

      Shot my load on 0DTE puts the last couple days of last week, knowing the return of the clown show was inevitable.

      Turns out you need to predict WHEN the clown show comes back into town to make money off it. Or be an insider in the White House…

    4. The engine room isn’t the only thing with a hole in it. Wait until you see my portfolio tomorrow. 🤡

    5. AndThisGuyPeedOnIt on

      Believe it or not …

      Manipulated corruption that will fuck both bulls and bears with insider trading. I made money on the way down only to give it all back on this fake ceasefire, so I’m just done playing for a while.

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