the narrative over this weekend among retail investors has been
well, BTC had it's 20% down move, but then has remained flat while stocks crashed, so any move to the downside will be short lived
weekend CFDs are flat, so we're fine
Cramer called for Black Monday, we are so back
crush all of these narratives with very little capital, drive BTC below $80K, sell off the CFDs to -0.9%
the 'playbook' is then to open futures lower, sell off from open to premarket around -2% S&P500; a high enough drop to create a panic among retail investors
they panic sell their stock premarket / during open, they sell the calls they bought on Friday for a big loss at 9:30am EST and they panic buy puts; then starting around 10:30-11am EST (around Europe close) the markets rally, burning all of the panic sellers - back to flat by end of day; retail investors then panic sell the puts that they are now down $$$ on, panic buy back the stock they sold for less
We will see - but it is looking more and more like
another one of those
SPX closes above 5,000 today
I told you. I warned you. They are too predictable in their playbook. It was in the end
another one of those