US Future Markets; Shorting Optimism, Buying Fear.

Hey Traders,

The FOMC Meeting is underway and comments are coming across the wires about the state of monetary policy and the handling of the economy.

Tentatively positive comments are being spoken leading to a further rise in the value of the SPX.

Here's why I'm short biased.

Comment:

Make sure any shorts are ;

1. Light

2. Spread out.

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Last bit of news for the week, maintaining same bias

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Bias continued into monday.

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Markets closing even higher around prev highs. Any added entries, do remember that you can, and likely will find you break highs ultimately. Although we are short biased, we are not existentially shorting.

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FED comments referring to the surprise of how much has been bought...

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Should be out for Exit 1. Reshort areas approaching.

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Re-shorts applicable (Taking of pre-preferred prices). Optimism tentatively carries into 2024 for the mass market. All the better to sell :)

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Holding in gains further, use trailing / ITM stop.

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Rhetoric changing slightly. Slight fear.

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Maintaining short bias.

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Maintaining further pre inflation news.

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continuing short bias.

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And the same pre fed. Change of direction / larger news impetus required.