shadow weekly peter says is the low in and the H from hell
my view this is a hard off the bottom rally which is violent today they kept buying puts .97 as the market rallied or as EW guys say no one believes the market will rally MUST BE WAVE 1.
i will go over profile tomorrow and confirmation or rejection
also within a 12 month period the s and p is actually positive. So this bear cub market is nothing like covid bear.
But the charts confirmed this anyway.
so the market needs to return to the spx monthly 20da ma which is fair value anyway.
A normal bear will pull back to fib .50 from start to finish
so the market has to become resilient to the war and price in the 6 fed rate hikes
so the bear will end this year. Now the repo market which loans money to hedge fund buyers struggles in march and september even the repo chart show this is nowhere near as bad as covid lqd https://schrts.co/eunWEckW