Stop loss A: 2069.5 (very wide stop loss)
Stop loss B: 1997.7 (very tight stop loss)
P.S. With the very tight stop loss B at 1997.7 the risk/reward is 712 !!!
Who is seriously buying this shit at this level? All institutions and smart money will have their sell orders waiting on top for dumb retail to buy into.
Common economic theory says that bonds compete with stocks for investment funds. So if no hike again, stocks should go up right?
No. Not so fast, market sentiment trumps everything. If FED does not hike rates, it will only result in short term rallies in stocks that will be sold off in a week.
There are also times historically when the FED hikes rate and market still continued to rally.
-A bull market ignored all bearish news.
-A bear market ignores all bullish news.
Unless the FED announces QE4 by printing money again, then I will close out my shorts immediately and surrender. No one can beat its printing machine.