81 replies to this topic

[dTraderB]

Will be tough sledding for both BEARS & BULLS but the FED RALLY will soon be the major factor in new ATHs

Going into this weekend almost flat & near 100% hedged. A top 5 week in 2024. Will be away in India for most of next 3 weeks but will try to post from there.
Not givibg back any today, will decide long or short from Sunday evening.
Be careful, markets look crashy, THE BIG PLAYERS ARE SENDING A MESSAGE TO THE FED: 50 PT RATE CUT!!

[12SPX]

Whoops old thread posting lol!!  Anyhow took profits on my ES trade for 10 points and average long on my ndx trade is now 18602

[12SPX]

Average long 18585

[redfoliage2]

The market is not out of the woods yet as the Sept Curse continues.  Bounces likely to be sold ....................

Edited by redfoliage2, 09 September 2024 - 10:30 AM.

[redfoliage2]

BTW, I see no Fed rally before the Fed actually cuts 50 bpts.  So far the Fed has indicated only cutting 25 bpts at the Sept meeting, which has been baked into the stock prices.  Thus, the market needs to go further down to pressure the Fed for more  ...............

Edited by redfoliage2, 09 September 2024 - 10:44 AM.

[12SPX]

proofit stop 18590 buy below

[12SPX]

Out for a 15 point profit

[12SPX]

Starting a short build on the ES at 5475....

[12SPX]

average short 5480

[slupert]

CPI could be viewed s sticky, without further deterioration.