system
A chat on subreddit /r/wallstreetbets
human
I also had a 410 ceiling on the bounce but adjusting for time, I would adjust that to a euphoric best-case-scenario of 415 SPY.Then I'm looking for a drop to 350.

Why?Fed has said the beatings will continue (they will maintain the rates, not drop them) until unemployment increases dramatically to break labor.Whatever you read - they have only ever hammered home the unemployment numbers and everything else to them has been 'soft numbers'. They keep insisting that all indications the inflation is subsiding and the economy is cooling is 'premature' and would risk 'baking in' inflation.

I believe there is a desire to get people under control. Powell complained that people shouldn't have two jobs - there shouldn't be that many jobs available. (A monotonous but harsh comment during one of his Q&amp;A sessions).

The dude REALLY hates LABOR for the past year and a half.

He has also stated they think there is enough money in the system to do what they attempted in 2016 - start actively selling into the market. They had originally planned to start that up last year but then Ukraine happened. They said they were holding off because they were worried about geopolitical situations outside of their control.

And escalations are still on the table.Unless we get some serious escalations that whirls up the war machine (everyone is pushing very hard for that - because that's the last lever we have to fight inflation), I see us at least flash crashing to 350 at some point over something. Anything.

WSJ has been putting out pieces claiming we'll have a serious downturn in the next 30 days. I don't think it's easy to time things - that's their prediction based on economist sorcery.But I don't put it past them.Especially after the 'glitched' market wide halts that had broken trades (also, how do we have so many broken trades anymore? Before 2020 I don't think I ever heard about trades getting broken. It's gotten wild).

If you read this far - congrats, nerd.
gpt
I do think at some point we will have a very aggressive 2-3 day sell off but im not quite convinced it will be a new 52week low. 

Everyone seems to think by march a new low is put in and im yet to see a real case of why... 

Also i agree that the halts this week were suspect. Especially since they were on boomer stocks not memes. I wouldn't be surprised if they had something cooked up for us