Member
Posted 20 July 2019 - 06:46 PM
Daily higher high, Weekly higher high.... Wheres the confusion? The market sold off because of the correction by the fed made on Thursday eluding to there would be a 50 BP drop... Now they said only .25 thus the reversal of thursday on friday.
So would you have went long on thursday at support?
KISS
Member
Posted 20 July 2019 - 06:50 PM
See my recent post,
Member
Posted 20 July 2019 - 09:34 PM
Member
Posted 20 July 2019 - 10:23 PM
Opinionated
If the market sold off on Friday due to them back tracking on the 50 BP drop, then why rally pretty strongly on Friday morning?
Didnt they back track before Fridays opening?
It was not retracted until after the open/explained, and it was a futures related gap from over night trading and news across the pond that eroded from the start.
Member
Posted 21 July 2019 - 03:44 PM
I am looking for a ST low and then UP into FED week, followed by big post-FED cut decline
McClellan Summation Index rolled over this week. From a lower high.
Edited by dTraderB, 21 July 2019 - 03:45 PM.
Member
Posted 21 July 2019 - 03:46 PM
Which way will this resolve itself?
RUT
Member
Posted 21 July 2019 - 03:47 PM
10 dma of put/call ratio
Member
Posted 21 July 2019 - 03:48 PM
China signalling they are ready to talk & trade:
Based on what I know, Chinese importers have started arrangement of purchasing US agricultural products.This is a prominent part from Chinese side as the two countries have signaled goodwill to each other recently. It also indicates China-US trade consultations will restart soon.
Briefing of the Chinese side on phone talks between Chinese and US trade officials shows face-to-face consultation will not be far away. I think we can expect that some actions may happen, which would be seen as goodwill from each other.
Member
Posted 21 July 2019 - 03:51 PM
That's why it will be 50 bps and go away until September meeting
Morgan Stanley: "A 25bps Cut Won't Be Seen As Aggressive, And Will Disappoint The Market"
Member
Posted 21 July 2019 - 05:20 PM
That's why it will be 50 bps and go away until September meeting
Morgan Stanley: "A 25bps Cut Won't Be Seen As Aggressive, And Will Disappoint The Market"
In other news... Keeping an eye on this too......
A Bank With $49 Trillion In Derivatives Exposure Is Melting Down Before Our Eyes
https://www.zerohedg...g-down-our-eyes
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
