ES Journal - 2019/2020

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Rickshaw Man said:
Nice overnight move for those who stay up all night. Today for the US traders, a nothing burger, Sideways range.
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Quite possible, but this is a market chomping at the bit to go higher. Would not want to be short into the FOMC announcement as that is pure gambling, imo.
 
NQurious said:
this is a market chomping at the bit to go higher. Would not want to be short into the FOMC announcement as that is pure gambling, imo
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What's that saying about a caveman doing it?

Another way of putting it is why is the obvious not obvious to so many? What are they looking at?
 
Very unusual for the ECB to make hints of stimulus one day before the FOMC announcement. Has me thinking the FOMC may have patience in the statement. In other words the FOMC will sit tight.
 
Markets soaring right before the big Trump 2020 re-election announcement. Trump just said he and the China dude will meet next week. This all smells of politics.

But Trump has sure gamed the markets more than any other sitting president.
 
And it is interesting he just happened to have his "wonderful" call with Xi on the first day of the Fed meeting. Now I'm inclined to think the Fed will say they're on hold until July, now that Trump's deal may come to fruition at the end of the month.
 
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