Still seems like easy trading setups here. Either way we probably end up with new highs in July sometime
Give me a reason why the won't now that the news is they will placate the market when they announce. When I think about it the trend leading into a Fed meeting is pretty constant every time whether up or down. It's right after they announce where it gets dicey.
Ok, this is apparently the breakdown:
"Fed's meeting announcement at 12:30, the FOMC forecasts at 2:00, or the chairman's press conference at 2:15"
See what I mean, there are conflicting times listed based on what site you look at. I don't want to be long into the announcement. I better figure this out!
I think plenty of people became very rich these past 4 years thanks to that chemo.
This. The market might correct but to think we will have anything even close to what we experienced in 2008 anytime soon is lunacy.
Futures are red at least. Good start. Don't forget this week has been manipulated due to options expiration tomorrow. So an up day today could easily be an equally down day tomorrow.
Then I will buy back after Benny on Wednesday. Red Friday hopefully.
I think yes.
Judging by this board it's a good time to be long. Bearish sentiment here is always bullish. Futures are moderately weak even though the Nikkei has been cascading lower. And yet the US market is only down 3% overall. Seems like this market is going to hold but we will know for sure tomorrow.
Of course a rally is possible. We are still holding the 50dma. We are barely off the highs and everyone is already worried. Haaaa.