SPY FOMC PART 2

7 Şub 2023

Looks like tomorrow is being loaded with puts at 410 and 405 for Powells speech, your guess is as good as mine as to what he’s going to say. 12:40 Wall Street time. Today’s yields were ripping that’s not a good sign for bulls also meme stocks are taking off that’s also a bad sign for bulls and the daily candle show’s confusion. So pretty much I don’t care about Bidens state of the union but I really do care about J Powells, when he talks markets move. Expecting sideways action tomorrow I’m treating it like a part 2 of the FOMC meeting we could see 406 or if he talk’s dovish we are off to the races people are buying dips like they’re going to a Super Bowl party either way be ready
As always trade what’s in front of you good luck

7 Şub 2023

Not

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