ES Journal - 2021/2022

Master Pu said:
Looks OK now, phew!
More...

It's not done. Asia and Europe are going to react to this tonight/early tomorrow morning as well.

In the near future the markets will absorb it, realize it will take quite a while for this to wend it's way through both houses of Congress, and eventually be killed in the Senate. Then they will modify the rates where everyone is happy, and the sighs of relief will resound though the halls of the building on the corner of Wall and Broad street.
 
Hey anybody noticed how the crypto market acted in unison with the market? Believers welcomed when HFs got involved and invested in it, but in the long run it just means that now they have to worry about one more thing, the general market taking a bath...
 
Overnight said:
It's not done. Asia and Europe are going to react to this tonight/early tomorrow morning as well.

In the near future the markets will absorb it, realize it will take quite a while for this to wend it's way through both houses of Congress, and eventually be killed in the Senate. Then they will modify the rates where everyone is happy, and the sighs of relief will resound though the halls of the building on the corner of Wall and Broad street.
More...

Reaction was in the opposite direction. As @chillibean said it wasn't much of a panic % drop wise, we should still be good to head higher, even though H&S & a divergence does concern me in the Russell, I doubt it will materialise without firstly a push higher.
 
Any YM takers here?
 

Attachments

  • Screenshot 2021-04-23 at 14.41.32.png
    Screenshot 2021-04-23 at 14.41.32.png
    97.8 KB · Views: 11
You must log in or register to reply here.
Back
Top