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hungry_hippo
May 26, 2023 1:22 PM

ES Update 

E-mini S&P 500 FuturesCME

Description

PCE numbers came in higher than expected as I predicted but apparently the futures traders don't care, lol. Futures barely touched red and went right back up.

Probably more whipsaw today, a pump on debt deal and then a a dip next week when MFI gets overbought.

Gotta love it when the market pumps bad news.

Comment

Lost a few hundred bucks on my XLF puts, was supposed to be all or nothing, wound up losing like 25%, guess Europe needs the bounce and they're still buying.

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I don;t chase a pump on bad news, I'll see you guys next week when MFI gets overbought. That'll probably happen Tuesday I think.

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Up 30 pts after PCE came in higher than expected, lol.

Rate sensitive sectors look weak though, financials, PCAR, GM, shitcoin all barely green.
Comments
m3t4lz0n3
Ser, Melt-up n up. I literally BTFD. Also look at Monthly MFI. Thank you brother, god bless.
m3t4lz0n3
@m3t4lz0n3, TP-ed and awaiting next week pullback. Monday is holiday.
wilson999
Are Markets still rational?
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