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Up or down depending on what the Fed president will say today


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#1 redfoliage2

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Posted 27 August 2021 - 06:05 AM

Big move pending - Up or down depending on what the Fed president will say today:

 

https://www.reuters....-it-2021-08-27/


Edited by redfoliage2, 27 August 2021 - 06:08 AM.


#2 LMF

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Posted 27 August 2021 - 09:04 AM

The Fed never seems to get their heads cutoff on the chopping block. Even janet yellen survived the chopping block while cutting the balance sheet and raising rates at the same time.

#3 redfoliage2

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Posted 27 August 2021 - 09:07 AM

Internals very strong today, it's telling .....................



#4 Rogerdodger

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Posted 27 August 2021 - 09:40 AM

Fed's Powell weighs Delta risk, gives no signal on start of bond-buying taper

In remarks that defended the view current high inflation will likely pass, Fed Chair Jerome Powell  stopped short of signaling the timing for any policy shift.
But it also coincided with "the further spread of the Delta variant. We will be carefully assessing incoming data and the evolving risks," Powell said, signaling that Fed discussions about exactly when to begin reducing the bond-buying program remain unresolved, and now must be squared against the health and economic risks posed by the highly contagious coronavirus strain.

 

trioderob  nailed it: things not ok enough to hold a Fed meeting .... then not ok to raise rates

Edited by Rogerdodger, 27 August 2021 - 09:44 AM.


#5 andr99

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Posted 27 August 2021 - 09:46 AM

and up we gooooo................luckily charts speak very well and well in advance of any meeting


forever and only a V-E-N-E-T-K-E-N - langbard


#6 Rogerdodger

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Posted 27 August 2021 - 09:48 AM

and up we gooooo................luckily charts speak very well and well in advance of any meeting

 

 

"Insiders" know in advance.



#7 redfoliage2

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Posted 27 August 2021 - 09:58 AM

So the market should close at high today ....................



#8 andr99

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Posted 27 August 2021 - 01:30 PM

 

and up we gooooo................luckily charts speak very well and well in advance of any meeting

 

 

"Insiders" know in advance.

 

 

''insiders'' rhymes with ''insighters''....those who have an insight on a market that seems random, but it isn' t   


Edited by andr99, 27 August 2021 - 01:33 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#9 redfoliage2

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Posted 27 August 2021 - 01:56 PM

I expect SPX to close above 4500 today.  If it does close above the 4500 resistance it shall have more upside to go next week .............................



#10 pdx5

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Posted 27 August 2021 - 04:15 PM

I expect SPX to reach 45,678. But shrewdly I will not stipulate the date on which SPX will reach that number.

Hahaha no one can prove me wrong. But seriously, I can not see any reason for a massive correction before 

the FED has a massive change in easy money operations. So not next week, or not before next 2 full moons.


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