All admins blur the the lines to their advantage, if they can.
Meanwhile I'm with schizo, too many things have to fall in place for the usual Xmas rally to happen this year.
+ 1
The Fed is the worlds# 1 employer of PHD Economists all of whom likely never stepped inside a grocery store, bought a second-hand car, rode in coach or collected an unemployment check.
IOW completely out of touch with the common man.
Fitting that dummy and tRump are mentioned in the same post.
After he "aced" his mental competency test, made it seem like he would then be admitted to Mensa.
Prop firm is prolly just jerking your chain.
No doubt firms gets traders/coders submitting "winning" strategies to them all the time.
Once a week, at least, someone starts a such topic here.
No one has ever come back to say I made bazillion trading it or sold it for a bazillion to a shop...
Latest Fed Assets figure: 8,816,802,000
Which makes current pullback from alltime high -1.66% or less than half of July, 2020 drop of -3.46%. A long ways to go before the end of QT and a long ways to go before markets bottom.
Even in Japan, Inflation Begins to Rage after 23 Years of True Price Stability
by Wolf Richter • Sep 20, 2022 • 53 Comments
Bank of Japan lets yen go to heck, trade deficit blows out, costs surge for manufacturers, prices surge for consumers.
By Wolf Richter for WOLF STREET:
Japan has been...
Was waiting all week for reversal day high to be taken out on a closing basis. Never happened, and now it heads down to lower fib zone for another potential long area?
97-98 I was in your neck of the woods. Heavenly, Squaw, drive down for a couple of days @ Mammoth. A couple of other ski trips one before, one since. Just awesome scenery as you well know.
Another way fibs need to be used, as I have said previously properly, is understanding when they are applied to trend and corrective waves. Though this should be plainly obvious.
Today's eMini 5minute chart. Trend is down a to b (duh!) and strong so don't expect much of a retrace and that is...