3 replies to this topic

[dTraderB]

If the market goes up or is flat on bad news then this is bullish?

- This morning we have renewed fears of a Trade war with possible China tariffs in retaliation of possible Trump  tariffs on Friday.

- Then, there is the EU press release on digital commerce taxes, affecting the FANGS et al

- 10-yr T-note yields up, at 2.90

- Interest rate hike later, this may already be priced in and there could be a "buy the news" event; it could be even more bullish if Powell's FED tries to dampen the hawkish tone in the policy release.

 

S&P Futures has taken all this in stride and is flat to up.

 

 

[dTraderB]

Nice move up. Looking to sell any failed test of  ESM8 2730/32, or long again on breakout above 2732. Next target is 

ESM8 2749/52

 

Support 2710/12 and 2688/90

[Data]

They can't raise the interest rate if the market is down.   

[dTraderB]

YEP, and Powell will soothe the raw nerves by sounding quite dovish. 

 

...and they have to seduce the retail crowd to buy more and more so there will have more to sell to them at higher prices. 

But, I just want to bank a few points per trade whichever way they want to take it.