$SPY.US$ If we break this key level around 5330 on ES we lit...
$SPY.US$ If we break this key level around 5330 on ES we literally might see a waterfall event.
I've been trying to warn of this for weeks!
I've been trying to warn of this for weeks!
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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NorcalSalsa : It already began. Red season in effect
Expendabiggles : We’re being played. The elite market makers, are holding it at 5:30 because they needed a drop to convince FED we’re in trouble so they can get their rate cut but they won’t let it fall below 530 because that might actually trigger a REAL panic sell off, so it’s definitely looking like a bluff right now. Until I see it fall well below I’m not buying into this!
Derpy Trades OP Expendabiggles : I think that could be a valid thesis, but the technical pattern I've been covering and that is more than a year in the making says otherwise.
Expendabiggles Derpy Trades OP : Guess we’ll see
Derpy Trades OP Expendabiggles : For sure.
Stock Therapy Expendabiggles : I dunno. Isn’t the Sept rate cut pretty much guaranteed already?
Expendabiggles Stock Therapy : 85% but that number fluctuates and Powell said he will not cut unless the data shows he needs to. So that is not a guarantee but wallstreet lives to speculate so they can trap, pump and dump retail.
Derpy Trades OP Stock Therapy : That's what the market is pricing in, but historically the Fed always cuts too late, and they still may not cut until after the election to avoid being considered political.