JPMorgan Chase: “buy the dip, V-shaped rebound likely”… Trader outlines SPY scenario where both bears and late bulls get wiped.



Let me tell you a story.

$SPY rallies back to all time highs.

The gap below never fills and oil prices remain elevated.

The bears short the whole move back up and get destroyed.

Then sentiment flips. Everyone calls for a blow off top and gets long.

It doesn’t happen.

The odds that retail accurately predicts the top of a multi decade bull cycle are zero.

Price sells off into year end, closing the gap and making new lows.

Bears, already morally and financially bankrupt, miss the move.

New longs from all time highs get wiped out.

And everyone who reads this post gets rich and we all live happily ever after.