Clarification if you would---- How long term a top are we talking about and will it make that top just after Fed announcement and sell off into the close?
Yes I expect the bigger part of the move AFTER the Fed's decission. Now how long would that last? It could be just a quick spike up and we actually end the day in red, or it might take the next 1-2 days when it turns South. The point is that if you are long, sell it at the upward move, be whenever it will be, because that should be the top.
Put baby Jesus to bed. I have been sent to earth to warn you. A 1000 point drop in the Dow is imminent. I guarantee it. Sincerely, George "don't call me surf" Zimmer P.S. I smoke a lot of ganja.
Come on man, you are pushing it. I don't know how it will exactly play out, I might be wrong on the whole thing. But if we are rallying after the Feds, 5420 on the NDX is in play. You can use the NDX as your signal and still play the ES... I mean, how long does it take for you to reverse a position? 10 seconds if you are a slow typer?
%% Its strange, real strange, how some stupid Senators are talking tariffs, just like stupid Smoot- Hawly a 1929/+, bear downtrend trigger.However, for example, in trading SPY or QQQ, they can + have diverged greatly. Forgot the year, but any can look it up in Stock Traders Almanac. One year NasdaQQQwent down -11/+ and SPY was up about 2 or 3 % plus dividends. SPY look$ like its still up--trending/ bull market......................................................................[+/ means it is approximate, not an exact number]
The forum goes into Deep Space Nine--each short term day trader utilizing their Ouija board attempting to conjure up fortune telling spirits to aid in their decision making process around Fed time. Will the planchette point the direction clearly?