market expected free money for ever they thought powell (who owned 250 million in stock years ago) would be more dovish
this was just an excuse. Large operators take multiple trips up to dump their positions. Died right at spy 20da ma. It was planned even before the powell speech.
we will fail to go past the lows this time down eventually we will go past the lows
spx monthly fair value (20da ma) is 4160 so we are still very over valued
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