Longed the Globex Open. All my analysis suggests at least some relief tomorrow. Could get some whipsaw when Powell starts talking, though.
The "market analysts et. al. at large" are fucking reprobates. At the beginning of the year they predicted 9 rate cuts starting in March. ASSHOLES! They tempered their shit in the beginning of summer, and said "Oh, they will start cutting in July". FALSE! So here we are heading into the election, and these same dunderheads are forecasting a 100 beep cut by end of year. FALSE! No. We'll get two (and maybe three depending on the data in the late Autumn) .25 cuts by end of year. That's it. Fucking morons.
By analysis and relief, I was referring to my own TA/SA giving good odds of a price recovery @Overnight I have no idea about the FED. Probably some whipsaw during the speech? Or even a non-event?
Well, you sure are one lovable reprobate. Now listen to me well, ya dumbass. How many times do I need to remind you that everything you hear on the news is nothing but a bunch of lies. Only thing you should trust is the price like here. This is what's happening now. There's no ifs, buts, and just maybes. None of that usual bullsh!t.
PA is really whacky tonight. Usually it's dead quiet in the Asian session then it picks up 1 hour ahead of London open (or Midnight here) and it gets pretty brisk after the London open for another hour or so. Hence you have 2 hours of lively action. But tonight is just choppy, all within 2 points. Don't think I've seen anything like this before. Not good, if you ask me.