right back down, now what did this prove???? Initial 300 point bounce in the futures followed by an immediate sell off. now what, another .75 cut by 2pm or. This was a mistake, they should have waited at least till the meeting to lower rates, now what do they have left??
some of the moaning about this emergency cut appeared childish to me, and hence sounded like some people were caught on the wrong side of the trade. if that's not the case, then bad read on my part!
Oh that was a good hit of crack for the markets.. THe market is already hungover-now what??! Cut rates to .5% and have a USD carry trade? And yes i am pissed off I had a sell limit order that got filled on the way up before the rate decision and lost ~100pips, damn right I"m pissed. My broker will give me 7-10pips of slippage when I'm in profits but will give me a perfect fill when I'm on the wrong side?!!?
hold on tight for the opening when the panic buttons get hit..... reckon another spike and limit levels being reached....
There's going to be carnage at the opening bell. The DAX has already retraced the 2 minute FED pop. @NQ and @ES not looking good either.