91 replies to this topic

[linrom1]

 

Currently this maket has become trendless.  Traders just selling on intra-day bounces and buying on intra-day dips.................

This is typical when liquidity has dried up .............................

 

What you say?

[redfoliage2]

Now it's all up to what Powell will say tomorrow and little variations in the job data likely to be ignored....................

Edited by redfoliage2, 30 July 2024 - 09:35 AM.

[redfoliage2]

Now it's all up to what Powell will say tomorrow and little variations in the job data likely to be ignored....................

This dip likely to be bought before the Fed .............................

[redfoliage2]

 

Now it's all up to what Powell will say tomorrow and little variations in the job data likely to be ignored....................

This dip likely to be bought before the Fed .............................

 

We got the bounce as I predicted, a huge bounce.  Congratulations for those who bought the dips yesterday.  Now, I'd not be surprised to see some profit taking here as it's still depending on what the Fed will say later today.....................

Edited by redfoliage2, 31 July 2024 - 08:45 AM.

[redfoliage2]

I see there may be some volatile moves reserved for later today  .......................

[linrom1]

They won't sell next correction until market bottom in 2034. LOL

[redfoliage2]

 Here is good news for bulls:

 

"The Federal Reserve held its key interest rate steady again Wednesday but signaled it could start lowering it as soon as mid-September amid easing inflation and a cooling job market." USA Today

https://www.usatoday...te/74601234007/

 

I see the rally is likely to continue as the recent little correction is likely over by now ................................

Edited by redfoliage2, 31 July 2024 - 01:29 PM.

[redfoliage2]

But now watch out for late day profit taking by day traders...........................

Edited by redfoliage2, 31 July 2024 - 02:22 PM.

[redfoliage2]

But now watch out for late day profit taking by day traders...........................

Well, they waited for today for the profit taking .........................

Edited by redfoliage2, 01 August 2024 - 11:26 AM.

[redfoliage2]

I'm buying ES and NQ at this discounted prices. I see asset prices likely to go higher with the Fed poised to easy with lower rates and higher liquidity, Today's job data just sealed the deal ..........................

Edited by redfoliage2, 02 August 2024 - 11:33 AM.