/biz/ - Business & Finance

>>50620212

Oil breaking out of it's downtrend and gold is threatening to join it. DXY is heading down, not violently (yet), but steadily down. That's the market's way of calling JPow a bitch and saying he's failing to defend the dollar. Bond and dollar bulls big mad. JPow gonna have to knock the markets down more, but now or after the midterms?

Anyways, I opened SQQQ again here. VIX is at key level. Jews that run VIX Inc will surely try a fake breakdown of it to throw retail out of UVXY so still sitting on cash for that one. Either my play will be correct, or it will be time to go leveraged-long oil and gas.

Reminder: US 2 year yield is heading down along with oil. We're going to have an "inflation is over, surely the Fed will pivot" rally, which may be starting tomorrow.

Reminder: there have not been enough layoffs yet. There is not enough demand destruction to break the oil bull market yet. The Fed needs something nearer to 2008 level. The bear rally will go until they say "no pivot, 75 bips and QT".

And then the tech trannies still desperately averaging down start to panic, and we enter the capitulation phase at last. If you are not yet short this will be a decent entry point. Probably the last good one.

Ready to go to the mooooooooon