https://www.bloomberg.com/news/arti...-every-scenario-looms-as-rally-is-overheating indeed i am forced to close my shorts after powell speech, rolling date this friday, not a good month for me in es&ym. but boked some quick bucks on cl in the last two weeks and sold 42-4300 puts in spx and es.
it is now traded 4775 at the moment, only 25 pts away from 4800. Would the European markets push it to 4800 overnight?
16885 momo target achieved on NQ I am done for the night, probably can go even higher but whatever, should of put more size in if wanted to make more trying to chase now is just too aggressive.
16885 to the tick and drop, ofc to the tick doesn't matter, but it does show there's an actual calculation or edge there if targets regular hit and pull back as oppose to just blasting through, which could mean no real edge in your target.
I didn’t expect Powell put rate cuts on the table this time, that was uncalled for. I had to close because the roll date is Friday, otherwise I would keep the shorts and add more. Oil price dipped below 70 indicates a recession scenario, just have to wait for the development.