Sp500 Forecast: Unusual day and last hope for bull 🧙‍♀️

2023년 6월 16일

On third Friday of March, June, September and December, most options and futures expire.
Already today there will be a large quarterly expiration, popularly called "Quadruple Witching",
In total there are 4 of them per year (at the end of each quarter).
In last hour of a trading session, trading volume and market volatility usually increase sharply.

💫 As a rule, this is followed by a medium-term trend change or strengthening of the previous one.

Since March expiration, SP500 has grown by as much as +10%!
Almost 90% of this growth was provided by just few companies: NVDA , MSFT , AAPL , TSLA , META .
And since beginning of year, it has grown by +15%, that is, there has already been an increase in the growth trend.
The whole quarter went up.
For your convenience, I put the witches on chart.
The picture clearly shows that magic happens on “witch days” and medium-term extremes of market 🪄

There is extreme greed in USA market right now - the perfect moment for a market reversal!
At such moments, unjustified pumps are visible in some unprofitable companies: SPCE , AI , etc.
If you are stuck in these papers, now is a good time to sell.

But from next week you can already start wearing shorts, summer is coming ☀️🩳
Now, the US Ministry of Finance and FED are also playing on side of the bears, which are withdrawing liquidity from the market.
Market reversal is 99% ready ✅

🎯 Targets for a set of medium-term long positions: 4000p, 3800p.

You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.