Everyone thinks a 653 point dow dump means the whole tape is cooked, but actually this is where people lose money by treating one red session like a regime change.
ngl the pain is sitting frozen while your bags bleed, then fomo-ing the bounce at the worst level because it looked clean for five minutes. ser i've done that more times than i want to count.
fear and greed is sitting at a flat 44, which is neutral, not panic. earnings are still rolling and next week's gdp plus pce can shove this either direction, so a single dow candle isn't a signal to dump everything. what i'm watching is the rotation: people sliding into $USDT while $MSFTB and $GOOGLB get searched hard, classic risk-off noise rather than a real exit. the mistake is having no invalidation before the next red candle, then inventing one after you're already down.
shakeout or the start of something uglier. where do you think this goes from here?
#DowDrops653Points #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek
ngl the pain is sitting frozen while your bags bleed, then fomo-ing the bounce at the worst level because it looked clean for five minutes. ser i've done that more times than i want to count.
fear and greed is sitting at a flat 44, which is neutral, not panic. earnings are still rolling and next week's gdp plus pce can shove this either direction, so a single dow candle isn't a signal to dump everything. what i'm watching is the rotation: people sliding into $USDT while $MSFTB and $GOOGLB get searched hard, classic risk-off noise rather than a real exit. the mistake is having no invalidation before the next red candle, then inventing one after you're already down.
shakeout or the start of something uglier. where do you think this goes from here?
#DowDrops653Points #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek
