Futures continuing the intraday pennant, I'm guessing this will break upwards then get dumped by day time traders again. Market going full pumptarded with Feds willing to cut rates at the top of the market which is the dumbest thing I have ever seen,
Powell must really love his buddies on Wall St because it will be the first time rates have ever been cut when the market is at an all time high (ATH). Dumbest thing I've ever seen, potential for market to go parabolic then crash like the dot com bubble.
Note: I'm kinda expecting RSI to go overbought with MFI divergence before the next dip.
Powell must really love his buddies on Wall St because it will be the first time rates have ever been cut when the market is at an all time high (ATH). Dumbest thing I've ever seen, potential for market to go parabolic then crash like the dot com bubble.
Note: I'm kinda expecting RSI to go overbought with MFI divergence before the next dip.
Comment:
Appears to have broken upwards.
Comment:
Nas futures seem to have no issues crossing ATH, don't expect S&P to get rejected either. Looks like pumptardedness will continue.
Comment:
I guess the Asians are feeling frisky tonight, they just pumped futures up 4 pts in one minute, up 7.5 pts now....
At this rate, probably another 10 pt gap up unless the Euros sell it off in the morning.
At this rate, probably another 10 pt gap up unless the Euros sell it off in the morning.