Without Powell putting the brakes on the rate hikes, the lower lows and lower highs will continue. And I do believe the news of Powell getting COVID was the main driver of today's down move. With no Powell and a dove on his shoulder, the markets have only one place to go. Down.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Without Powell putting the brakes on the rate hikes, the lower lows and lower highs will continue. And I do believe the news of Powell getting COVID was the main driver of today's down move. With no Powell and a dove on his shoulder, the markets have only one place to go. Down.
After we bumped up against the TL, this pullback was expected. It was all calculated IMO. I was a bit surprised we went all the way down to 45 though. But then again, this market always overshoots so it ain't that surprising.
Anyway, I'm gonna stick my neck out and say we go up tomorrow. Somehow I get the feeling that this was all staged.
No way. This market was heading down today from the rip.
I don't think it's over yet either.
The only safe place to be is in energy.
jmho
I dunno' for sure man. Hell, who ever could know the true reasons.
But holy hell, that 10:30AM reversal came in classic form today, albeit in the opposite direction it is usually seen. It's so bizarre.
The reasons are inconsequential, anyone can postulate a theory really. Just turn on CNBC after 4PM and you'll hear at least a few.
What matters is reading what the deep pocketed algos are doing.
Not much else. Near term at least.
I warned B1... twice.
He should have listened and just went golfing.
The reasons are inconsequential, anyone can postulate a theory really. Just turn on CNBC after 4PM and you'll hear at least a few.
What matters is reading what the deep pocketed algos are doing.
Not much else. Near term at least.
I warned B1... twice.
He should have listened and just went golfing.
Oh screw his "going out for 19". He gets long in the tooth on that shit. What is that, cheating by doing the first hole twice back at the clubhouse? Oy!
No lol, the 19th hole is the bar in the clubhouse.
***And a good bartender there will always have a jar of Allieve on hand for those that tried to 'drive for show' that day.
What is the opposite of schadenfreude? You 2 need to go golfing together. Felix and Oscar on the links.The reasons are inconsequential, anyone can postulate a theory really. Just turn on CNBC after 4PM and you'll hear at least a few.
What matters is reading what the deep pocketed algos are doing.
Not much else. Near term at least.
I warned B1... twice.
He should have listened and just went golfing.
He already lost enough money today.... that said, the club will make an exception for a quality double caddy as long as you register with the caddy-master.
