"W" working so far....let's see if it survives the Fed.
Hammering out a bottom - or merely delaying the plunge?
Started by
dTraderB
, Dec 18 2018 08:21 PM
15 replies to this topic
#12
dTraderB
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Posted 19 December 2018 - 10:55 AM
Same here, but more than 100, maybe SPX 2700 and above ....
I need another 100 $SPX handles to lay into some shorts for real Cmon Old Wall Fed Bailout Beggars and CNBC Cheerleaders Giddy Up!
Loyal Subscribers, if you're wondering why I still only have 1 short in Real-Time Alerts... Simple: this Macro Tourist chase was proactively predictable from our #oversold signals Mon/Tue Waiting and watching for re-entry
#13
dTraderB
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Posted 19 December 2018 - 12:52 PM
FED will raise rates
Put out a VERY dovish statement, as dovish as possible without saying there will not be any rate hike next year or only ONE
That will lead to a year-end rally but come next year, the more persistent and serious problems will prevail.... and the bear market will resume and last for a few months.
#14
dTraderB
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Posted 19 December 2018 - 02:30 PM
Not as dovish as the bulls wanted
The rally will die unless Powell pulls a few doves out of his hat at the Press Conference
#15
dTraderB
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Posted 19 December 2018 - 02:40 PM
An endangered still-born rally?
Higher probability in this post-Fed trading environment
#16
dTraderB
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Posted 19 December 2018 - 03:19 PM
Powell killed the rally!
SPX 2490 tested and market bounced off
But, 2490 and 2420 are valid targets now
