They'll pivot before we get anywhere near 2400.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
They'll pivot before we get anywhere near 2400.
Or anyone saying .... "Could be a medium term bottom though I guess".
BTW FED is rolling off Treasuries that expire and not replacing them. No selling required at all.
You would think so.
But given that interest rates are no where near high enough to offset inflation yet, inflation isn't going down, and the Fed has hardly touched its balance sheet, then I would say we have only just seen the start.
The Fed pretends at work, we know they are not a real buyer of treasury papers, just a holding basket for small liquidity. We need to cut a deal with the Russians to end the war, pause the supply chain arguments with the Chinese, otherwise keeping rate hikes won’t stop the inflation.
Got to get used to it, 31 trillion interest service is massive. EU’s surplus will go directly to buy energy, if they have budget surplus at all.
Got to get used to it, 31 trillion interest service is massive. EU’s surplus will go directly to buy energy, if they have budget surplus at all.
Or anyone saying .... "Could be a medium term bottom though I guess".
BTW FED is rolling off Treasuries that expire and not replacing them. No selling required at all.
Good point. So they cant really control the pace at which they roll off then. I didn't know much about it really.
I guess it depends on what you believe got us to this situation of high inflation in the first place. Some people believe its down to the supply chain, and conflicts entirely. In which case, if they are resolved then things will recover quickly.
I personally believe its more down to QE feeding huge amounts of money directly (or indirectly) to people who don't need it. In which case a redistribution of wealth is required. Which is extremely unlikely.
Weekly CLOSE is lower than previous week, BUT the close is above previous week low.
Weakness remains, but it could be weaker!More of the same dippy whippy action is my expectation. JMO. A lot can change/happen over the weekend, to get me out of this slow-mo bear stance. For the time being 3200 is downside, with zero chance of ATH, not to be confused with major counter-trends.
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That’s 2 inside weeks (Close wise)
With a lot of volatility.
However on the cash (SPX) we closed below the last week of September.
So, in another word, these "big boys" set you up. They played you, bro.
No, they know exactly the pace they are going at, and planned it. Question is whether or not they are going to stick to it if economy really starts to tank.
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You set yourself up. You’re an Uber flipper. The only thing you should care about is volatility.