.SPX: What's Going on Next?
Hello everyone! Today i want to share some trading analysis with you!
1.
Short the Rip below 5500:
(1) my small short position entered Friday afterhours is under-water now, if future's pump holds--which is not a given, as the real big brother is bond market.
(2) the entire day's structure on Friday is very confusing--or artificial--to say the least, as the buying power came out periodically with a burst and some large quantity of ST calls. I noticed this weird behavior, but I STILL Believed, falsely, that at least Trump would give himself a few days to enjoy the delusional "win" over China. I mean, come on--everyone has a room temperature-level IQ knows from the beginning this tariff policy is a total farce and doomed to fail.
(3) a pop-up open Monday, if below 5500, would be a spot to short--however, I will use 5500 as a stop-loss level. You never know in this case, as the old saying goes, "those who have no face are invincible."
(4) on the retaliation front, the new exemption excludes pretty much 50%+ of all imports from China--it would come as a big surprise to many here in U.S., that the large majority of China's exports is high-tech products, not farm produces, which ironically, consists of the large majority of U.S.'s export to China.
(5) like I mentioned two weeks ago, the real bottom of this tariff saga would ONLY come when authority picks up an urgent call from Trump, not the other way around. Also, for any negotiation possible, U.S. has to drop ALL the tariff, as a pre-condition, NOT AS A REWARD. Mark these words.
2.
MPW Bamboo Scroll #167 Posted: (1) the U-turn after U-turn from Trump's "Art of deal" team threw EVERYONE off track, unless you are an insider who can benefit tremendously by "overhearing" sth. Friday's confusing moves make sense now.
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