Well, I got my drop when Powell said hello, lol.
Whipsaw as usual on the Fed, flipped my puts for beer money, market looks like it wants to pump but it;s already overbought on MFI so I'm not chasing it. It does appear to want the gap fill though.
But anyways, you got the whipsaw at 10am EDT as I promised, a rather nice one.
Whipsaw as usual on the Fed, flipped my puts for beer money, market looks like it wants to pump but it;s already overbought on MFI so I'm not chasing it. It does appear to want the gap fill though.
But anyways, you got the whipsaw at 10am EDT as I promised, a rather nice one.
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And there it is lol. Shorted COIN and BITO (shitcoin). Gonna hold over the weekend unless the market reverses on something else Powell says, lol.
Chances are pretty good for a gap down then reversal either Monday or Tuesday, RSI shot down hard.
People are buying at the support, but I look at indicators, not price levels and there's more room down. Don;t go long until next week, then we go for the gap fill, same thing as the last 2 futures gaps. that's what I said yesterday
Chances are pretty good for a gap down then reversal either Monday or Tuesday, RSI shot down hard.
People are buying at the support, but I look at indicators, not price levels and there's more room down. Don;t go long until next week, then we go for the gap fill, same thing as the last 2 futures gaps. that's what I said yesterday
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BTW, I'm not even paying attention to the speech this time, just playing teh market movement
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Look at the area I highlighted with my ellipse. Aren't you guys glad you follow me? Same crap as the last 2 gap fill attempts.
The gap will fill though, but it may take a couple of weeks.
The gap will fill though, but it may take a couple of weeks.
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Mark this day as the first time that the market sold off on the Fed, lol.
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Like I said this morning, let the market pick a direction and go with it, I hope everyone made money today.
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I know it's hard to keep up with my babbling, but my read for today was spot on. On any Fed day, you have to let the market decide a direction and go with it.
I said yesterday it was overbought too.
So now you know why I don't do long term trades, short term trades are more profitable. And as always, pay attention any time Powell speaks.
I said yesterday it was overbought too.
So now you know why I don't do long term trades, short term trades are more profitable. And as always, pay attention any time Powell speaks.
Market whipsawing right now, I'll let it pick a direction before any more trades. I was right about not being bullish for the open today