Exhibit A:

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
USD/MXN just tagged support with the peso in melt-up mode. USDMXN is correlated with VIX over longer periods, currently VIX hasn’t followed USDMXN lower. Take your pick as to whether you think the dollar is doomed and the bull market will enter a new rally phase or this is the final move before a major bear market eruption. I bet the latter with April puts on EWW.
Precisely how much of this crap am I supposed to endure? Just FALL already, and DON’T look back!
The latest data point illustrating what is obvious to the rest of us (that the economy is grinding into an enormous recession) came out half an hour into the trading day, the ISM Manufacturing PMI which came in even weaker than anticipated.
Everyone has different biases. As we try to improve as traders we can try to minimize the impacts of these biases, but those biases can still manage to creep up in our blind spots. As such, it is always worth reviewing different perspectives than your own. What I find interesting is how close those perspectives may be off by only a couple of degrees.