Why should the quote even matter? You got the point. FT71 is one of the best trader that posts here. Try to learn something from his posts.
Feels like the market (ER2) is discounting something right now - FOMC induced most likely. Regardless, your short may be a good call. Mike
Hello, I've been searching here and taking trades long and short. However, I'm reluctant to be stalking a swing trade top setup, especially ahead of the FOMC. That was a nice chart and may be closer than farther away, just being cautious into the meeting. The volatility here is wild enough at times. Good Luck and Good Trading to all, long or short! Kelly
I think whatever the initial reaction after the FOMC meeting, it will be short lived. So if ER2 rallied after the FOMC, it will immediately drop back. Or, vice versa, if ER2 drops after FOMC, it will rally back up. Thanks for the replies guys, I covered 2 of my 3 shorts. I don't think I should be gambling even though I have a good hunch it will go down. I'll wait for confirmation first.
ER2 making lower highs and lower lows last few days...do did it make the turn? but it is still outperforming other indices (SPX, NDX, Nasdaq)-- what to make of that? Also, how has er2 performed in a serious selloffs in the past vs the S&P?