The ONLY event to stop a RALLY now is a GEOPOLITICAL event e.g. related to the RUSSIAN INVASION of UKRAINE, or CHINA/TAIWAN situation worsens.
Choppy, wild swings and insane volatility continue but the NET effect should be a RALLY to at least ES 3800.
Failure to hold ES 3500 on a daily basis will lead to ES trading below 3300. I do not expect this in 2022 but highly probable in Q1 2023.
Finished the week with a loss of 0.94%, much worse than it looked earlier in the week but disappointing AFTER being up on the week at the end of that GREAT HISTORICAL REVERSAL ON THURSDAY.
Still puzzled by that big drop on FRIDAY....
My FF is the FED will talk HAWKISHLY but act DOVISHLY during the next 2 to 3 months. Not a V-turn but maybe TWO 50bps rate hikes instead any 75...