Today's 2pm Powell Plays.... got one?
- Thread starter KCalhoun
- Start date
From the ES thread......
According to my calcs, ES has to bounce today, if it doesn't then Ken thesexsax player will be right and she's going down.
Do you guys actually position ahead of these things?
Show us a marked up chart that supports this idea?
Same as it ever was. When annc time rolls around, watch for my setups and enjoy the market imbalance if it occurs.
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The market PA imo is going to go all over the place again, down first and then up, in that order I think. Considering how eager the rest of the Fed governors wanted their own 15-minute fame in the spotlight and yapped about how they voted in the last rate decision meeting, it gave us quite a bit of clue about what the meeting minutes is going to look like. And seeing the two that spoke last week were hawks, the minutes is going to reflect that first and the algo is going to pick up on that so the market is going to go down first and then since Powell stated last week in his comments as well as during the rate-decision announcement that he sees a bit of easing in inflation and is willing to take a tiny bit of wait-and-see approach, the algo is going to pick up on that too and market PA is going to go up and the market is going to end up being a bit up today from yesterday, I think.
Overall the market is not going to move much from yesterday's close but around the minutes-publishing time, there is going to be a lot of volatility. Unless there is any surprises, the market is not going to trend much today. That's my take.
