The S&P has topped

but bet against congress, trump is irrelevant

 

I hate to bring fundamentals into this, but this did after all start after Yellen spoke about unwinding the balance sheet. Its the time when I think news does matter, and whatever the chart was showing before, technically, completely changes. It would be impossible for volente to know what she was saying.

At the same time, markets may have reacted just the same if she said nothing about the balance sheet because we were already at some resistance level. Who knows.

 

That is why i I don't hold a position into Fed announcements or minute releases. Even if your direction is good, it's too easy to get shaken out. There are usually good entries after it settles down a bit and this afternoon was a great example.

 

Reduced 2347.75
Stop trailed to 2365

 

Let it go straight to the bank

 

"smart money is record short, and dumb money is record long"


http://www.marketwatch.com/story/th...-and-the-dumb-money-is-record-long-2017-04-05

 

Are you still holding?

 

Doesn't this article state that there will be at least one new all time high?

 

We need an incredible twist to be revealed later: volente is actually Yellen.