25th December 2018. In country not so far away.
J: " Merry Christmas Mr. President!"
T: " Merry Christmas Jerry !"
J: " You look thoughtful Mr President. Is everything ok with your family ?"
T: " Everything is okay at home. The problem is that you crashed the markets with the rate hike and the light dovish talk at the last FED meeting. You know how important is the stock market rally in my presidency. Both of us is businessman you know how stock markets work today. This issue needs to be solved immediately."
J: "I could make a statement on the 27th of December why the FED's balance sheet is rolling off. This could cool off the hysteria andthe selling would stop."
T: " I think it's too late for that. The dems are takig the house from January. I'm helpless in a crashing stock market. You need to use the Plunge Protection Team."
J: " But Mr. President I want free markets. We need the healthy pullbacks the selling will stop and ... "
T: " Free markets are history my old friend! Listen to me very carefully. I tell you what will happen . I will tweet a statement today that our economy is strong and it's the time to buy stocks. And you will start to intervene the futures immediately when market opens. I want to see a decent rally tomorrow on the 25th.On Thursday you can wait what happens : if we are closing in the red in the last hour you will start to buy again until the daily candle becomes green. And you continue this on Friday as we need a reversal weekly candle."
J: " Shall I make a statement on Friday?"
T: " You can tell them whatever you want just keep focusing on the green close. I want you to buy till last bear standing. I count on your loyalties. I don't need a market crash in the middle of my presidency."
In a few weeks we will be testing the all time highs.
J: " Merry Christmas Mr. President!"
T: " Merry Christmas Jerry !"
J: " You look thoughtful Mr President. Is everything ok with your family ?"
T: " Everything is okay at home. The problem is that you crashed the markets with the rate hike and the light dovish talk at the last FED meeting. You know how important is the stock market rally in my presidency. Both of us is businessman you know how stock markets work today. This issue needs to be solved immediately."
J: "I could make a statement on the 27th of December why the FED's balance sheet is rolling off. This could cool off the hysteria andthe selling would stop."
T: " I think it's too late for that. The dems are takig the house from January. I'm helpless in a crashing stock market. You need to use the Plunge Protection Team."
J: " But Mr. President I want free markets. We need the healthy pullbacks the selling will stop and ... "
T: " Free markets are history my old friend! Listen to me very carefully. I tell you what will happen . I will tweet a statement today that our economy is strong and it's the time to buy stocks. And you will start to intervene the futures immediately when market opens. I want to see a decent rally tomorrow on the 25th.On Thursday you can wait what happens : if we are closing in the red in the last hour you will start to buy again until the daily candle becomes green. And you continue this on Friday as we need a reversal weekly candle."
J: " Shall I make a statement on Friday?"
T: " You can tell them whatever you want just keep focusing on the green close. I want you to buy till last bear standing. I count on your loyalties. I don't need a market crash in the middle of my presidency."
In a few weeks we will be testing the all time highs.
Trade closed manually:
Hanging man and a follow through candle today.
Today is very important : many funds will watch the weekly close.