FEDSPEAK trumps all technical and fundamental patterns and historical data. Hence the reason we have NO 100%-accurate patterns.
But I agree with your analysis.
Edit: No offense tort, I know you know this. Just adding.
I'm not a perma anything. Long term bull, any other option is absurd. My investments are made on rising money over the long haul.
Trades.....trade what you see.
I do not swing heavily short against the rising tide if that's what you mean.
tight leash scalps today...but a couple of those resistance levels are looking to get tested or broken by mid morning.
DEMBOYZ always love some easy pickin's. :cool:
major trendline
big MA
Gap nearly filled.
:eek:
Not too crazy about any shorts beyond a few minutes/hours and r/r within reason. Need some room, but not at a crazy number of contracts.
Adding SPY Longs for long -term at these levels.