TG dives into the charts after the Fed raised rates by more than 50 bps to 75 bps. While this means the Fed is being more aggressive about inflation, it also means they are playing catch up. The VIX and UVXY really look like they are setting up for some sort of big move, but we aren't sure when that is. Other sectors are looking weak such as energy and that could be the last card holding the market up.
Previously TG said that we should be prepared for the markets to resolve lower instead of higher, as many were thinking. Now that the move down has occurred, it will probably be based on the CPI data and support zones as to whether price bounces or continues lower from here.
TG takes a look at the market's overall sentiment by examining the SPY price action. Then he will point out patterns that he is seeing, including short squeezes and double bottoms.
In this week's episode, TG discusses the bear market sentiment in the market and the factors that got us here. Then, he will explain why he thinks we should prepare for choppy price action ahead. For more of TG's market commentary, catch the replay of his "Bear Market Update" available here: http...
