Yes that other regard who called the top was right. Although he had a dumb reason with hookers n shit but he was right on the conclusion.
As I am typing this, all the other bears have already been margin called and divorced a month ago. That intel revenge trade bear guy who shorted at $90 dollars 2 weeks ago is probably no longer with us today. You only see gain porns from everyone. And most importantly, I had a major FOMO feeling today and wanted to buy a 30dte call spread on NVDA today. That is peak euphoria regarded vibe energy- which is why I fapped and decided to inverse myself, this sub, and everyone. I have come out of the closet and converted from a bull to a bear.
Underneath the surface, hedge funds went from heavily under positioning in late February to massive fomo chasing which pumped the market in the last 2 months. Semis have had an insane run due to the market pricing in insane demand for chips and market has reprices semis to their fair value (not calling them expensive yet). Well, now that institutions have sized up and CTO purchases are no longer the SPX catalyst , the market has lost its momentum. And the market is pricing in tons and tons a great news.
Let’s see what the market has priced in recently: the end of the war, NVDA growing 80%, AI CAPEX triple by 2028, 10-year yield dropping. Does that make you think we will head to 7800-8000 from here? That’s what they want retail regards to think. On the other hand market tops on good news just like market bottoms from good news. When you think everything is clear and we going up - that’s when we dump.
Price wise, we saw 7500 last Thursday, it was rejected heavily the next day, and we saw the 7500 handle with a gap up candle again today, with weaker momentum. That is the last pump from the market and the drop is inevitable. The bears will wake up soon and bulls will get fucked royally
I am so short and gay and I am not afraid to share.