Crazy that we were in extreme fear a three weeks ago and we only dipped into the 380s on spy for a week.
I know you said the banks could be the black swan event but it seems like the backstop has prevented that so far. Unless they let a bank fail without insuring deposits past 250k, I'm not sure what will truly take this market lower.
I'm a bear at heart buy i'm hopping on the bull train short term.
RGJabber t1_jdxjt6z wrote
Reply to 3-27-23 SPY/ ES Futures and VIX Daily Market Analysis by DaddyDersch
Crazy that we were in extreme fear a three weeks ago and we only dipped into the 380s on spy for a week.
I know you said the banks could be the black swan event but it seems like the backstop has prevented that so far. Unless they let a bank fail without insuring deposits past 250k, I'm not sure what will truly take this market lower.
I'm a bear at heart buy i'm hopping on the bull train short term.