Key insights
- The author speculates that a recent market event was orchestrated to trigger stop losses on short positions before a significant market decline. They suggest influential figures may be manipulating the market for personal gain, anticipating a SPY drop to 630 by Friday. This reflects bearish sentiment and potential short-term volatility.
I won't even begin to try to analyze ðŸ¥'s thinking or motivations (scary place), but seems completely plausible that:
(a) there's a colossal amount of retail and industrial short positions, just waiting for the inevitable correction or even crash; and
(b) his billionaire buds would love nothing more than one last exit-liquidity spike, and to not have to pay out all those short positions; and
(c) he knows the market impact of his BS tweets is getting smaller and shorter lived, so why not do your friends a solid and send out a doozie to trigger a bunch of stops before the actual plunge?
If I'm right, SPY to 630 by Friday?