Read this 🧵 Most have missed it. The Fed will not want the Market to rip too aggressively as it will ease financial conditions and they are actively trying to tighten. This puts a roof on $SPX at 44s, it is possible for an overshoot due to heavy short covering but not likely.

Now why could $SPX rip? Seasonality is favouring the bulls but we are in a bear market. Long-only are chasing returns into the new year. Those that shorted are not going to want to risk this years positive returns, they will cover and lock in profits. We could bid into early 1Q23

Read this. The Fed needs to keep tightening. If the big boys think the Fed is not serious in breaking inflation the market will sell-off like you never seen before. Pure panic. Pandemonium. $SPX goes bidless.