Week of March 17
Opportunities like this dont come along often
Recap of last week
The SPX finished yet another week down with officially the fastest -10% correction since the COVID crash.
The bodies keep floating to the surface as the recent selloff has claimed even more victims as Citadel/Millenium/Point72 all get dragged down together. Trend followers aren’t faring much better with the SG CTA and Trend index down 2.61% and 4.31% respectively.
Friday saw a huge bounce off 5500 SPX however, as buyers finally stepped in after an extended drought. Time to sell the rip or is there light at the end of the tunnel?
Next move for markets