75 replies to this topic

[redfoliage2]

Big moves up/down tomorrow upon the Fed,  I see it's more likely down ...................

[12SPX]

or most likely up lol

[redfoliage2]

Okay, the moment of truth coming in about two hours .........................

[redfoliage2]

Today at the Fed press conference Powell indicated the rate hiking is to continue and set the policy rate at a target range of 4.5 to 4.75 percent.  However, the market was excited on Powell's saying of possible soft landing.  So, the rally kept going higher .....................  

Edited by redfoliage2, 01 February 2023 - 08:22 PM.

[redfoliage2]

First dip gets bought as usual.  Now the big question is if we are right at the end of the bear market or at the end of a bear market bounce ................................

Edited by redfoliage2, 03 February 2023 - 10:50 AM.

[redfoliage2]

The market breadth indicating heavy unloading today.  A pullback may have started.  Immediate support SPX 4100, then 4008 ...................

Edited by redfoliage2, 03 February 2023 - 03:21 PM.

[redfoliage2]

Forget about bull or bear market currently it's just a toppy market  .................

Edited by redfoliage2, 06 February 2023 - 04:14 PM.

[redfoliage2]

IT top was in, imo.  I could be wrong as sometimes .........................

Edited by redfoliage2, 07 February 2023 - 01:56 PM.

[redfoliage2]

Yesterday thanks for Biden's State of the Union speech scheduled at 9 pm bulls were able to mount a desperate run-up late afternoon after SPX broke the key support upon Powell's hawkish words, but it does not change the whole picture of a toppy market .........................

Edited by redfoliage2, 08 February 2023 - 10:01 AM.

[redfoliage2]

ST the market is likely to be range-bound (SPX cash 4125 - 4155 plus minus a few points) till CPI out on Tuesday next week .................

Edited by redfoliage2, 09 February 2023 - 11:50 AM.