Are Markets Headed into the Selling Abyss?
Geopolitical Tape Bomb week–
–Eastern Europe a constant threat to the tape
–tough argument to be long headed into weekend
–a duck and cover shift back to bonds
–inflation took a back seat this week
Edge of Market Abyss–
–Inflation to explode, last call for low rates
–key levels in /ES and NQ
–VIX hovering below 30 but ready for action
–Dollar poised to breakout
–retesting lows /ES 4211 and below
–Monsters of Tech (aapl, amzn)
–Financials lead stage the next leg lower in SP500
SPX Expected Move —
–last week — 135.20 (expected move)
–next week– 121.28 (four day trading week)
