Friends, I have a feeling that this FTX drama takes SPX and Nasdaq to their COVID lows a'la Dow and cuts the rally short before we get going.
That kind of dump may be sudden, and may not last long.
But with how Nasdaq and friends are trading it could fall from a high place.
So be careful and be risk averse. Get in and get out and take profits.
Something is wrong with how the markets are trading for this to be a true bear market rally.