Furgedaboud funnymentals, the slingshot effect yes, run price opposite using mob fear atm as an assistant, then climb aboard by switching sides prior mkt open.
Mick, NFP comes out 1 HOUR PRIOR TO THE MARKET OPEN tomorrow. First, there usually is no BIG moves on the Globex leading up to the NFP. Second, the market direction will be determined AFTER the NFP is released, not BEFORE. (Oh, yeah, I forgot to roll my eyes )
I have a prediction...A few minutes before the report release, the market will make some jumpy moves due to whispers, which Vanz alluded to in another thread, although that was about Powell. I can feel it in the air tonight, OH LORD!
Traders believe futures price moves portend mkt beliefs, yah, as usual, it's bs, 'specially when it's ATH when the mice will play!
And the water in toilets down there where you live flush clockwise. You're all backwards Mick. We may get get a bounce, we may even hit today's highs... but we are going lower.
Well, the next 2 1/2 weeks will be the final inflection point for the next long-term trend direction, because of the incoming eco data and Fed rate decision, plus all the earnings! Whoop!
We'll just have to find out when the Euro boys come online later. But my "feeling" is that it will be mostly dull tonight. As for VZ's earlier comment, didn't you know that Fed sends out these subliminal messages? No, don't tell me you didn't know
TA is a great thing. Scat started a good thread about it, and he's right. But every now and then... the board must get reset to a new level... and then TA applies again. Sometimes it takes a few days, sometimes it's longer. Either way, I'm pretty sure we are on the cusp of one of those resets though. The longer type. To the south.