I hope indexes don't print the low of the week before Tuesday RTH. There are 3 chances for that to happen... Sunday night The shortened Monday session Monday night. Yes, I think a tradable low, not THE low, will be put in the indexes this next week. I also think a tradable low, also not THE low, will be put in the cryptos. The crypto space will act as cover for the stock market for now.... interest rate carnage hasn't even begun in the non-crypto space. Fun and interesting times, now and ahead!!
Here's an interesting thought...Maybe all those folks unloading crypto monies will be putting it back into stocks. So a divergence coming?
3698.5---> 3718 The high so far is 3707.5 3.5 hours in. Nice of them to split the difference. 3680 now.
I went long at 3717 on the December contract. I expect a bounce in the interim back above that level into the July Fed rate decision.
Hmmm. I thought about that, the next rate decision that is. If they come in at .5... EDIT: I think I would have waited though if I were you. No reason to hurry right now. 3717 isn't going away, lots of unknown unknowns. Although I Zelenski is gonna come to the bargaining table and perhaps let Putin save face. We'll rally on that. And despite what we're told by all the hawks, China/Taiwan is a non-event for now.
Fuck .5. If the FOMC has any semblance of reality, .75 is the minimum, and 1.0 is ideal! Get it done NOW! Stop WAITING! If they know they are behind the curve, why continue to stay behind the curve? Get AHEAD of the curve! GAHHHHH! Damn them!
Commodities are coming down. Housing is going into the deep-freeze. These price levels are to stay though, we needed a reset anyway, stuff was too cheap. Water seeks its level. It's close. Zelenski goes to the table, humanity presses on. Same as it ever was. Same as it ever was.