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⋅ Well, here comes the Fed whipsaw!
MFI already hit overbought, RSI hasn't. All I can tell you is that I expect this whipsaw to be pretty big
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⋅ I'm bearish but too scared to short, lol
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⋅ Based on the immediate reaction, I would assume the Dot Plot still shows a rate cut
It's a whole village of idiots, lol
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⋅ Not much of a whipsaw so far, but I've seen double and triple whipsaws on Fed day.
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⋅ Kinda looks like a "buy the rumor, sell the news" event.
The market is so overbloated they're having trouble pumping good news, lol.
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⋅ You gotta figure the Dot Plot is the same as December, so the market has already priced it in the last 3 months.
I think this is the final pump and dump