$S&P 500 - Loving the reaction to price and the rally but we just got a nice push up and closed up all those upper gaps creating a massive trail of lower gaps. The fractal of 2022 shows how common this can be and if we are starting a correction or bear market these kind of explosive moves are completely normal and expected. It's why shorting the market is so difficult because we could go lower and fill all those gaps but those shorting would have been stopped out or closed by now. Eyes on Inflation Tomorrow - We are already expected to get some hotter than expected numbers so if they are even higher I think we could retrace some of this move. Market is probably already pricing in some hotter numbers but in these conditions it seems like people are more reactionary and jumpy than normal. Think long term holds if buying - It's easy to get FOMO seeing all the green and things going up that's usually how the bull traps start here in a midterm year. If positioning for long term holds not a bad time to grab some with plenty of flexibility for downside knowing that's still on the table.
