I test how in-tune market by predicting a day's moves. Red at open, bearish w/ failed rallies until it starts to turn bullish ~3:30
Downside targets very close, but never hit nevertheless. This might be a face ripper rally that shows no mercy for the Bears...Gap'n'go
Bulls are busy burning more incense at the FED alter hoping CB's will bail out the 220 calls they bought when price was at 219.
Hoping for SPY above 219 or below 211. Either one is fine. Just want some trading movement (good price buys or execute some sells).
Rumor has it that Yellen, her credibility under pressure from belligerent stocktwit bears, will hike just to prove them wrong
They might drop this -1% today just for kicks. That's the kind of market we're in now. Expect the unexpected!
Be happy you are not running for President with market near all-time high. Nowhere to go but sideways at best, down at worst on their time clock.
Am not sure why market even pays attention to what these Feds have to say after FOMC because come next FOMC they flip. Need to shut up.
The Fed speakers starting to set the tone that it's coming/ Yellen will continue to stay muted- I would say all but certain Dec hike. That said it will be a minimal hike that won't matter....shouldn't anyways