The higher the indexes go the less likely the FOMC will cut. They will be in a shit storm if the cut into a stock market making all time highs.
On the other hand, who is to say that a melt up isn't as likely or even more so than a melt down. Cutting rates at ATH's is uncharted territory to be sure. I do not think either market reaction can be ruled out.
Did you guys catch that run up from pivot on the ES? I'm not saying I did, but just wondering if you guys saw it and, if so, how?
Wow.... buying the cash close is paying off big already. Indexes went straight up right after cash close.....so easy making risk free money $$$$$