That part came later. At first, you said the weekly high was in. I believe that was what I was referring to. Larger gap downs on NFP tend to rally back in range, so let's see how the day plays out.
Yeah I mean you knew it would happen. They cannot take this market down. I've already said that this monthly candle will match the one of June, so that is a minimum of 480 QQQ and likely a run to 500. We've got a fed meeting next week, so please don't waste any money buying Puts. Monday and Tuesday this WILL NOT GO DOWN. Probably flat Mon/Tues and then a rocket higher. I don't see much if any pullback this month. Even to get a random $10 pullback within in the uptrend will be insanely hard and with low volume almost no chance of anything other than a $2 or $3 pullback. Many still deny the reality of the V and bull market and that is OK, but this market actually cannot for the life of it drop.
What V today? LF, you are slipping, mate... Your problem is you posted what you did at the HOD for the index. Oops. You need to wait until EOD before declaring that the V-man has bested you.
CPI will come in under estimates, FOMC will Kowtow to the markets. Contract rollover for the stock indexes starts this week. This should be interesting.
Tomorrow morning the second after cpi data is released futures will jump over 1% ...so expect nasdaq futures to surge 150plus and spy to jump over 50 by open after cpi data once again comes in at or just below estimates. You will miss the move if you didn't buy the close yesterday. Later on we get the fed. Fed will be dovish dovish dovish. This will create the second ramp up into the close. Pushing markets up 1.5-2% by the close.....expect a gigantic non stop straight the fu*k up rally. Zero pull back as every stock will be bid up each second of day ....
CPI will come in weak giving the stock indexes a burst upward. FOMC will also paint a picture of easing inflation. Stock indexes will make all-time highs shortly after. You need to be long.
Honestly, it's guesswork at this point, but yes, that's my guess, too. Even if the number meets the forecast (which isn't really low per se), I'm sure it rallies. I think the number would have to be a catastrophe for the market to tank. And I'm sure nobody would want that at this point.