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Old 06-13-2022, 11:12 AM   #4201
Rex Phinney
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only 80 more points and I think we trigger a circuit breaker...
I think we are only halfway there. Doesn’t it take a 7% drop?
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Old 06-13-2022, 11:26 AM   #4202
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I think we are only halfway there. Doesn’t it take a 7% drop?
yeah, I messed up my math...3627 is the first breaker on S&P futures...so it was 130 pts away...my bad
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Old 06-13-2022, 03:39 PM   #4203
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Scary thing is we still need downward earnings revisions, housing market and unemployment to start chiming in.

We could be just at the tip of the iceberg here
I'd keep playing. I don't think the heavy stuff is going to come down for quite a while.
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Old 06-13-2022, 03:41 PM   #4204
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impressive run down today....

Not even the slightest attempt at closing the opening gap...
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Old 06-13-2022, 04:30 PM   #4205
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impressive run down today....

Not even the slightest attempt at closing the opening gap...
The Fed needs todo something to show they are serious about inflation.

Inflation is basically kicking their ass right now and the market doesn’t think this Fed can fix it.
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Old 06-13-2022, 06:22 PM   #4206
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The Fed needs todo something to show they are serious about inflation.

Inflation is basically kicking their ass right now and the market doesn’t think this Fed can fix it.
they are like everyone else in this government and governments throughout the world, CLUELESS
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Old 06-13-2022, 08:02 PM   #4207
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they are like everyone else in this government and governments throughout the world, CLUELESS

It surely looks that way, everything they have said or done in the last 18 months has been 100% wrong. I'm afraid all of us will be living with the ramifications for a long time now.
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Old 06-13-2022, 08:36 PM   #4208
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Trump said the market was gonna collapse...guess he might be right...AGAIN
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Old 06-15-2022, 01:21 PM   #4209
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Serious buyer's strike incoming. 30% drop on the S&P now looks conservative, should hit that easily in the next 30-60 days, will it be worse?
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Old 06-15-2022, 04:20 PM   #4210
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Fed cured everything today, S+P up 54 points. everyone is going to lineup and plunk down their money so that the bankers can pluck them out of it.
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Old 06-15-2022, 04:44 PM   #4211
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VIX below 30 again...hilarious...

The S&P wasn't even able to close above yesterday's early morning high...today's action means nothing.
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Old 06-15-2022, 06:01 PM   #4212
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If the Fed thinks they need 3.5% or 4% to stamp down inflation then why would they not just move to that rate right now?


They are still operating like it's the 2010's and it isn't. This is the 1970's all over again. That they even think inflation can be tamed with a 3.8% rate is comical.


Demand being killed off because people have no god damn money is what is going to kill inflation. Housing and the labor market is going to be in shambles by year end.



Biden ought to be giving every oil company in America tax credits and free blow jobs in exchange for new oil coming to market. The world's crude market would immediately be affected by that. Even before any drilling commenced the mere idea that America was determined to provide supply would ease the cost. Instead he is criticizing them like a lecturing old fuck. Not at all surprising that the Oil industry is laughing their asses off cashing those checks.
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Old 06-15-2022, 06:03 PM   #4213
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VIX below 30 again...hilarious...

The S&P wasn't even able to close above yesterday's early morning high...today's action means nothing.

Is there anything you see that supports a short term bounce? 7-8% up before another leg lower seems to be the pattern right now.
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Old 06-15-2022, 07:33 PM   #4214
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Is there anything you see that supports a short term bounce? 7-8% up before another leg lower seems to be the pattern right now.
7-8% up from here is like 4100.

No way. This thing is hitting 3525 on this current leg down.

Check it out...first leg down went from ~ 4800 to ~ 4100 = 700pts

bounced about 530pts

2nd leg down went from ~ 4630 to ~ 3810 = 820pts

bounced about 400pts

3rd leg down (where we are now) should go from ~ 4200 to 3525 = 675pts

The 3525 mark is heavy duty support and represents a 50% retracement of the run from 2250 in 2018 to 4800 in Jan 2022

I'm ignoring the COVID bottom of 2100 because it was a black swan event.

By the way, I am looking at a daily chart of S&P e-Mini futures...but they're all relatively the same when it comes to the S&P.
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Old 06-15-2022, 07:59 PM   #4215
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7-8% up from here is like 4100.

No way. This thing is hitting 3525 on this current leg down.

Check it out...first leg down went from ~ 4800 to ~ 4100 = 700pts

bounced about 530pts

2nd leg down went from ~ 4630 to ~ 3810 = 820pts

bounced about 400pts

3rd leg down (where we are now) should go from ~ 4200 to 3525 = 675pts

The 3525 mark is heavy duty support and represents a 50% retracement of the run from 2250 in 2018 to 4800 in Jan 2022

I'm ignoring the COVID bottom of 2100 because it was a black swan event.

By the way, I am looking at a daily chart of S&P e-Mini futures...but they're all relatively the same when it comes to the S&P.

I feel like the market is going to like the Fed news and that a move upward is coming (short lived of course). Seems like all the rallys are coming after fed moves. We will see I guess.


The Bond market was finally settling down until this recent inflation report.
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