this market, slaughter noobs it will. remember, bottom is never in until retail is done for good 🪦
will write a more detailed when I feel padawans deserve more wisdom. hmm too bullish they are, more pain they must feel
traps these rallies are 🪤 understand this chart you must
we still see moms and pops buying the dip again and again. sucked into bear rallies they get. catching the falling knife until no fingers left instead of selling
=> we still have too much retail inflows. negative it must turn.
read next tweet for evidence
History
Back in 2018 retail inflows went negative for a few days before we got the bottom. Same in 2020
- „But it went up afterwards!“ says the noob
Fed initiated the rescue back then, printing money like on cocaine. this time Fed will let them perish bc inflation moves high