The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can break through the previous high, the growth will continue very strongly.
Your low target hit two weeks back, and it looks like it is coming up, ever so slightly with the close on Friday. Getting friction due to misguided ES pumpers. Friday's volatility in the ES was remarkable, given that the dollar basically dropped ALL day. Telling of what is to come. Gasping, grasping.
arvine11
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its not very bullieh...
UnknownUnicorn15614419
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Very high-quality description, my friend. I just got a high from reading it 😌 I think that the idea will work pretty quickly, with the current volatility it has every chance to do so.
Solldy
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I second that! It's a little early to make a prediction now, of course, but all the arguments are the same as the ones I highlighted for myself. So, my scenario is almost completely the same)
Tolberti
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Thanks for sharing, this scenario is possible!
AtlasTrades
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nice TA :) I agree dxy can follow your trading idea