If this is an Inverse Head and Shoulders chart pattern, 4200 is the target.
What we need to see is the price get above the recent POC.
Blood is in the streets.
The Fed needs to get some new expectations out and deliver some news that comforts the market. Or this is their way of creating financial turmoil that gets job losses that crushes the demand. You choose your narrative.
Or, maybe the news is designed to shake everyone's confidence so that the actual money men of this world can buy at a discount.
What we need to see is the price get above the recent POC.
Blood is in the streets.
The Fed needs to get some new expectations out and deliver some news that comforts the market. Or this is their way of creating financial turmoil that gets job losses that crushes the demand. You choose your narrative.
Or, maybe the news is designed to shake everyone's confidence so that the actual money men of this world can buy at a discount.
Trade closed: target reached:
It's Quad Witching Day today.
Not going to get messed about so closed the trade. Winner, winner, chicken dinner
Not going to get messed about so closed the trade. Winner, winner, chicken dinner
Comment:
A pullback from the top back to the imbalance and 61.8% fib
Comment:
this is still going strong
I've moved my stop up so as not to incur a loss
SNB has publicly backstopped CS, so the European contagion of this bank run episode should be curtailed. Major Tier-1 banks in the US are scooping up the loans, the Gov Sec's, and deposits of the Tech heavy bank lenders.
Fed needs to come out and stop the increasing cost of credit and support the assets they mandate these banks HAVE to hold.