Thread by @nap_trader

It's not quite the same this time, but I'm not sure if people have taken heed.
#market #analysis 11/4 (Friday)

So.....we just had a rate hike. A lot of earnings calls. A lot of stocks gapped down hard recently ( $META, $TWLO), and a few gapped up hard on nonsense ($ETSY). tradingview.com/x/bBW5ZyyK/ .

Only to then...continue....really weird scenarios? tradingview.com/x/csR2hPt2/

It doesn't make sense, to be honest. Now, the Muskrat is going to get all the hate he deserves, but the reality is he screwed up in a thousand ways. So I think this is going to play into a lot of social media concerns.

A lot of people want to leave twitter. Okay, sure, whatever - but...to where? I see no real solutions. I see garbage, everywhere. gph.is/217xISR?tc=1 . Social media is a dumpster fire and generally always was.

Anyway, where do we go from here? tradingview.com/x/F5dW559j/ Well, $SPY looks like it's ready to drop, BTC has turned a bit but is still overall bearish, and DXY dropped today because who the hell knows. I wouldn't hold my breath.

One theory was we fake rally through end of year, but I see the world's biggest warning sign, that we haven't had in a while. tradingview.com/x/l9womFdD/ . Fed budget is skyrocketing during inflation, and that's conflicting. So either the budget gets trimmed or inflation does.

I'll leave that part to the economics fundamental researchers, because I think that should tell people what's next.

Meanwhile, isn't it unsurprising when different TA methods intersect? tradingview.com/x/IHz29UCK/ Here's the hint for the traders: 200MA + Ichimoku cloud top. That's where decisions will be made, and it's easy to guess more down. Aggressively, even.

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