SPY FEDs FREAK OUT

17 Şub 2023

These old heads are freaking out today talking about 50 points next meeting smh they have no idea but then again who does? It’s like I said in the comments yesterday since CPI numbers started dropping months ago the algos were set to buy and they did followed by technical analysis buying followed by short squeeze covering followed by FOMO fear of missing out and now we are here. Trading sideways because no one knows what to make of the revised CPI numbers and todays hot PPI numbers other than inflation is not in control like Powell said it was. I’m still thinking 420 to 427 but March we roll over, today’s sell off at the end possibly a bear trap. People are living their lives spending money doing what they want. So trade your plan and focus on yourself you control your market. Bears need to chill for a bit they will eat soon enough. Do you miss the Fibonacci on the charts or just keep it clean
As always trade what’s in front of you good luck

17 Şub 2023

Not

FYI The 2 feds today talking about 50 points are none voting members this year Mester and Bullard