Max Tyrell
2.3K posts






The S&P 500 has now lost $1.7 TRILLION in market cap over the past week 🔻 🔴 $SPX -2.99%

@Mr_Derivatives Wave Crush tomorrow, Fri Mar 27. See Net Tone for SPY to be posted tomorrow before market open. ⚠️ Don't fade the Spiritual Quant.




Good morning! On 2/21 I predicted a $VIX to 30 by mid March and we got it. I think a DCB is likely, but another -3% to -5% on $SPY is very likely by early/ mid April. This is an opportunity to scoop some of your favorite names up at discount, remember that. Long term vision.










$SPY 📈 While the QQQ bear cycle turned quickly, S&P 500 has been slower to roll over. That said, Monthly BX currently has a high probability of closing red for March. We have been expecting a 5% to 10% correction for a while, and unfortunately price action is lining up with that view. In the short term, SPY is sitting on a strong liquidity level, so a relief rally is very possible. However, when MBX is red, most rallies tend to turn into continuation sell offs. There is also a major volume gap from roughly $650 down to $600. If this liquidity zone is swept or broken and price holds below, I would expect any sell off to be fast and violent as price moves through that gap. As always, I am not shorting. I am staying objective. This would likely add more drawdown to the fund and that is fine. My plan is the same: keep rotating into sectors and names showing relative strength and keep following the rules of the system no matter what happens.












