SPY Short Idea

Markets are pricing in 4 Fed rate reductions by end of year, zero chance of recession, less than 10% chance of additional rate hikes, and participants will likely find themselves offside even if the pain is short-lived....

I think Powell is going to Uber hawk nuke us back into the stone age while he has stocks on the ropes at Jackson Hole.

price pushing into the falling short term moving averages then dumping to 50% fib level and long term MA makes sense to me..

Going to get short via SH and REW - building those positions over the week before the speach.