Replies to post #359987 on SPDR S&P 500 (SPY)

[learningthetruth]

GL my friend!

Crazy rest of the week ahead......see how high they want to pump SPY.....gotta gap there at $401.44....maybe a magnet, but all depends if JP is hawkish or dovish....I lean hawkish, but will be listening......always fun times!

IMHO, some good commentary on what's coming down the pike....

May be you were bullish at 4600-4800 when you should have been bear and may be you should have been a bull at 3666-3700 but you were a bear and now at 4000 you are a brand new bull.

We will see how next 2-3 weeks go.

— trader (@TicTocTick) July 27, 2022

The truth is it does not even matter how much the rate hikes will be 75 or 100

What matters is the official rate is now about 2.5%-3% up 300 BPS from ~ 0 onto a few months ago

This is adding a lot of pressure on debtors

Rates have to be cut not raised which means CPI 20%

— trader (@TicTocTick) July 27, 2022

With today’s 75 BPS rate hike (hopefully it’s 75), we will be at or very near the FED Neutral Funds Rate ..

Powell either stops here or keeps going

Market expecting him to stop and even reverse to start cutting rates down

Which will send dollar lower, oil higher, CPI higher

— trader (@TicTocTick) July 27, 2022

Stocks will bottom when there will be no one left to believe they have bottomed not when everyone yelling low is in lol

Next phase I will be yelling low is in and people will laugh at me mark my words

— trader (@TicTocTick) July 27, 2022

My thing is if you want to buy it here at 4000 be my guest , you are free to do whatever you want to in a free country

Don’t force me to also join you

I will not start buying until #bitcoin at 12000 and add when at 3300

If I am wrong 😑 so be it it should not matter to u

— trader (@TicTocTick) July 27, 2022