Powell speech is non event, not much data he got in the last few days. zn dropped from 116 go 113 in 3 days, 30+bps. But I need to find a real time screener for 0DTE volume, that is a gambling parlor.
Yeah. Unless we reverse hard below 4120, i.e., a false breakout, we should see 4140/4150 by the Close. Assuming Powell doesn't say something silly. I assume he could even say something bullish.
I sure do like these run-ups on a day when Fed Chair Powell is gonna be a tad bit grouchy. edit: 4116 cash as i type.
Is that a bearish call? I'm long and worried. Will stop out B/E regardless, but it was looking good for a while.
Came back from a trip to the restroom and found that this had happened. Was prepared to take a + 10 trailing stop exit, but the market started running and I planned on trailing it at 40, but my limit was taken out too fast. A poor trading day for me and I got lucky by this trade and ended the day well in the green. Thanks Powell.
This can not be overemphasized enough. Watch it happen in real-time as Powell talks. I bet we give it all back by tomorrow.