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11.10.22 – THURSDAY MARKET OUTLOOK

Market Outlook
 

Almost a 6% gain today is impressive! All because a CPI report was a bit better than expected, investors are now melting up. Everything they sold yesterday was bought back today. And since VIX is in contango (quite sharp), I expect this to continue tomorrow, and we will see another up day. We are seeing a typical short squeeze that may gain momentum now. The path to $4,100 is still open.

 
Market Outlook
 

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