Being right is nice, but being profitable is better. And profits are made only when a position is closed. If you're right for the entry but wrong for the exit, who cares?
A lot of folks are happier to be right and get recognition and pick up the crumbs that fall off the table rather than eating the actual meal.
Market has priced in falling inflation now. Profit taking on the news. Still FOMC to look forward to tomorrow.
You got the nonsense talking heads talking points down pat. "Profit taking" lol ES is down below breakout point.
If you time it right, perhaps. After that it will go downhill. The market has not priced in the fact that rates won't be lowered next year barring a total crash of the economy that is not currently in the cards.
Got no problem with the slide in 2023, it's already commenced probably, but still a bit of a rip left I believe.