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aussiebear

World Stock Markets Trading Discussion - Insipid inspiration

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Feds Evans was on Crapvision at 8AM.

Policy makers should ignore the  inflation from tariffs and so overshoot.

 

I mean you can't make this stuff up.

 

 

 

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We had a hiccup on the server this morning. Hopefully it won't recur. Sorry for the incornveniance. 

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Stopped out of our recommended SPY put by trailing stop at the open.  What was a near double yesterday ended up +59%. 

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Obviously, resistance isn't very resistant. 

Wowser. 

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With 13 Fedheads scheduled to mouth words this week and with the market Dover Sole it figures. I was sort of hoping yesterday and never discount an air pocket possibility when near a breakdown point but like always we resolved up.

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2775-90 is an important resistance area by a couple methods. If the rally falters in that range, I'd take a look at re-entering a SPY put over the next couple of days. I'm watching different strikes and expirations and may post a bulletin to Technical Trader subscribers.  http://liquiditytrader.com/index.php/get-lee-adlers-liquidity-trader-delivered-instantly/#tt Subscribe by 12 Noon ET and I'll give you the first month free. 90 day risk free period starts today. Quarterly billing would start July 4.  

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3 day cycle projection 2795

5 day 2788

2 day 2789-90

 

 

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Need to drop under 2785 to end the madness. 

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I got fooled yesterday when Clarida's words were ignored. They waited to substantiate Powell. 

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