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51046466 No.51046466 [Reply] [Original]

Markets are dumping hard on the speech powell is about to give on friday at Jackson Hole
Since last week massive amounts of shorts have been piling up on SPX,NASDAQ and for BTC,ETH which will be used for fuel to shoot us higher after friday speech and here is why
>PCE inflation
Its the metric powell himself admitted fed uses to determine the next moves.So basically this metric is more important that cpi and its expected to have topped and it will show on the reading this friday.Fed didnt have the balls to hike 100bps on july when everything was skyrocketing,with everything now going down(short term) there is a high chance markets start pricing in 25 or 50bps instead of 75 for september
>Powell speech
Midterm elections are literally 3months away,there is actually 0% chance powell admits recession or acts hawkish before such a huge event for the goverment.Powell starting this friday will be a dovish bitch claiming inflation is coming down and data look good and we are avoiding recession just for sake of democrats winning the elections
>BTC
Btc closed friday at 21100 and despite todays meltdown on equities its still at the same number.Pretty clear sign its not breaking 20k anytime soon since there is no luna/3ac type of leverage in the market
>what to long?
ETH at 1580 is a gift.As soon as skies are clear and with the amount of shorts on ETH we will be at 2k way before the merge,pretty easy 25%move from here
NEAR has also a devcon coming on 11th september and coins tend to pump into these kinds of events(sol,avax,ftm had same reaction)
Near was 6$ just a week ago before we dumped hard,can easily bounce back there(50%from here) towards september
GL making money,bears will get fucked

>> No.51046526

priced in

>> No.51046527

>>51046466
I have a feeling youre right. This dump doesnt quite feel right.

>> No.51046542

>>51046466
that's a pretty elaborate shill for a shitcoin like NEAR

>> No.51046585

>>51046466
Good writeup OP
I have the same observations.
We still have 4 days until the Powell speech so it will be a choppy week imo.

But then again it's a clown world and anything could happen.

>> No.51046610

>>51046542
like your 100$ pajeet dollars can move a top 20coin LMAO

>> No.51046662

>>51046466
Remember to take 10-20% of what you've got earmarked for ETH and plunk it into LDO instead. It's basically going to act as a triple leveraged eth ETF into the merge and well past it.

>> No.51046727
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51046727

truflation is showing continuing downward pressure on headline cpi as well. I do think inflation is going to be much sticker than people expect but it will stick at 4-6% and it'll take a long time for people to realize that. In the near term soft landing narrative is going to hold up to scrutiny until at least late fall and equities/risk-on will keep rallying. Yes all the way through september, fuck your shemitah meme.

>> No.51047290
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51047290

>> No.51047410

>>51047290
What's your point? The Fed has stated several times that we should see end of year FFR ~3-3.5%. So the bond market moved there immediately and is waiting for the fed to catch up. Your chart tells you what yo expect after that....

>> No.51049089

>>51046662
I am rooting for a successful Ethereum merge and Cardano Vasil Hard Fork. All I know is that right now I see all the awesome devs across Ankr saying thing are looking good and Appchain is a great platform to buidl dapps on!

>> No.51050008

uh already up 4% in both eth and near

>> No.51050555

>>51046466
>NEAR
posting a blog long just to shill NEAR.
>I see you faggot I see you

>> No.51050608
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51050608

>>51046585
honk honk

>> No.51050631

i dont care about news and fundamentals or this nigga powell

i trade the chart

>> No.51050678

>>51046466

>So basically this metric is more important that cpi and its expected to have topped

you don't even know what it is, dumb chucklefuck clown. Core PCE has nowhere near peaked. Why would CPI come in lower when oil and commodities have only moved up from here?

The market is pricing in that inflation has NOT peaked, oh and look what the Saudis said today. $90 oil HARD BOTTOM. You're not seeing gas below $4.00 anytime soon.

>Since last week massive amounts of shorts have been piling up on SPX,NASDAQ and for BTC,ETH which will be used for fuel to shoot us higher after friday speech and here is why

again you literally make shit up to fit your narrative lmao. Wanna provide a citation?

>Midterm elections are literally 3months away, there is actually 0% chance Powell admits recession or acts hawkish before such a huge event for the government. Powell starting this Friday will be a dovish bitch claiming inflation is coming down and data look good, and we are avoiding recession just for sake of democrats winning the elections

after Powell was accidentally dovish last speech, he sent out his goons for 2 fucking weeks straight to correct the record. I'm cringing hard if you think Powell wants equities to go up. Do you know what happens what everything rallies? Financial conditions ease. Inflation persists. Powell WANTS the market down. It's honestly incredible and how wrong and deluded the average normie is on all of this, and here I thought this end of cycle was free money for everybody. Go look at the last two tops of this bear market. You're going to get your fucking ass reamed, kid. The velocity of this leg down will be of the likes you have never witnessed. Just wait for the dollar to break out tomorrow

>> No.51050729

>bobos don’t see the inverse hs

>> No.51051590
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51051590

>> No.51051650
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51051650

>>51050729
I simply choose not to see anything that contradicts what I want to see

>> No.51052195

Put:Call ratio for SPY EOW is 2.4 with max pain of $420

You guys think MMs are writing so many puts because they want to... lose money?

>> No.51052229

>>51046466
how can short be used to make the spot market rally?