The meeting was apparently a great deal about nothing. After reading the report and listening to Powell's speech he didn't really say anything I wasn't expecting, and I don't think he said anything that big money wasn't expecting, but they may have said things retail investors weren't expecting. Keep in mind that many retail investors do not follow the markets as...
Today we saw exactly the sell off I've been talking about for the past several days giving you a great opportunity to short the market right off the bell as the retail sales report came in much higher than expected. This was followed by a V bottom bull move as buyers took control again. We've got a lot of buyers at these levels, but where exactly do we head from here?
The bulls had it today! Let's look at the levels we recaptured and what tomorrow will hold. If you haven't seen the previous video please listen to it as I explain what we're looking for in the retail sales report tomorrow and you need to know if you want to get on the right side of the market in the AM.
ES has set up for a nice long some time tomorrow. With a rejection off of resistance in the few futures hours that were open today it may continue falling right into a nicely established trend line. A bounce off that trend line could set us up for a great long opportunity.