68 replies to this topic

[redfoliage2]

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

[redfoliage2]

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

Edited by redfoliage2, 20 August 2024 - 09:34 AM.

[redfoliage2]

VIX jumped up today as many are buying puts to hedge before the Fed.

BTW, in case that the Fed under-delivers at the JH meeting even gold will be punished........................

Edited by redfoliage2, 20 August 2024 - 09:47 AM.

[redfoliage2]

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

[redfoliage2]

 

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

 

Why I see the market going higher into the Sept meeting?  Because we won't really know how much the Fed will cut till the Fed Sept meeting scheduled Sept 17-18 and before that it's just anybody's guess ...................

Edited by redfoliage2, 21 August 2024 - 08:34 AM.

[redfoliage2]

 

 

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

 

Why I see the market going higher into the Sept meeting?  Because we won't really know how much the Fed will cut till the Fed Sept meeting scheduled Sept 17-18 and before that it's just anybody's guess as Powell is unlikely to provide details of rate cutting plan at the JH conference ............................. ...................

 

Edited by redfoliage2, 21 August 2024 - 08:50 AM.

[redfoliage2]

 

 

 

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

 

Why I see the market going higher into the Sept meeting?  Because we won't really know how much the Fed will cut till the Fed Sept meeting scheduled Sept 17-18 and before that it's just anybody's guess as Powell is unlikely to provide details of rate cutting plan at the JH conference ............................. ...................

 

 

[redfoliage2]

 

 

 

 

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

 

Why I see the market going higher into the Sept meeting?  Because we won't really know how much the Fed will cut till the Fed Sept meeting scheduled Sept 17-18 and before that it's just anybody's guess as Powell is unlikely to provide details of rate cutting plan at the JH conference ............................. ...................

 

 

 

BTW, as the Fed's current priority has shifted, leaning toward supporting maximum employment for the economy Powell is more likely to sound dovish at the HJ conference though without giving much details about how much the Fed will cut in Sept .................................... 

Edited by redfoliage2, 21 August 2024 - 11:01 AM.

[redfoliage2]

 

 

 

 

 

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

 

Why I see the market going higher into the Sept meeting?  Because we won't really know how much the Fed will cut till the Fed Sept meeting scheduled Sept 17-18 and before that it's just anybody's guess as Powell is unlikely to provide details of rate cutting plan at the JH conference ............................. ...................

 

 

 

BTW, as the Fed's current priority has shifted, leaning toward supporting maximum employment for the economy Powell is more likely to sound dovish at the HJ conference though without giving much details about how much the Fed will cut in Sept .................................... 

 

The yield for 10-year T-bond still dropping today as well USD......................................

[redfoliage2]

 

 

 

 

 

 

 

 

 

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

 

VST I'd not be surprised if we see some consolidation ...........................

 

It's understandable traders are taking profit today with concerns that the Fed may under-deliver at the JH meeting .........................

 

But I see the market is likely going higher into the Sept meeting as long as the Fed chief indicates cutting rate in Sept....................

 

Why I see the market going higher into the Sept meeting?  Because we won't really know how much the Fed will cut till the Fed Sept meeting scheduled Sept 17-18 and before that it's just anybody's guess as Powell is unlikely to provide details of rate cutting plan at the JH conference ............................. ...................

 

 

 

BTW, as the Fed's current priority has shifted, leaning toward supporting maximum employment for the economy Powell is more likely to sound dovish at the HJ conference though without giving much details about how much the Fed will cut in Sept .................................... 

 

The yield for 10-year T-bond still dropping today as well USD......................................

 

By the end of last week there were some 6.2 trillions USD parked in the money market enjoying the current rate.  As the Fed starting lowing the rate where this money will go?  Likely stock market is one of the places and this is another reason we are likely to see SPX and NAZ making new highs ..........................

Edited by redfoliage2, 21 August 2024 - 12:01 PM.