AkLi
Excellent Contributor
wrote a post · Jun 12, 2024 22:26
SPY (For Followers)
SPY looks strong here, the next couple candles will tell me if there is more upside or downside. Significant area around the 4 hour Fibonacci extension area.
Huge buyers just entered. It was a good idea, but everyone thinks Powell will cut rates. As such, we had the plan but because of economic fundamentals and the expected rate hike, markets are in straight euphoria.
Hopefully everyone is safe in their positions and I am going to wait until FOMC
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Space Dust
:
a rate cut? so many YouTube 'financial expert' have been saying this for 18 months, would you expect them to finally ' get it right'? can you imagine being a broken clock and gloat when right twice a day. I don't want to be exposed to then bragging more . haha really hope it doesn't get cut. there has to be some incentive to save and invest. but, then again, those that don't save, have the government lurking about making sure the wealth is spread around. only ours though, not theirs.
and if the cost of financing is too high, perhaps more fiscal responsibility would come about..?
Space Dust : a rate cut? so many YouTube 'financial expert' have been saying this for 18 months, would you expect them to finally ' get it right'?
clock and gloat when right twice a day. I don't want to be exposed to then bragging more . haha
can you imagine being a broken
really hope it doesn't get cut.
there has to be some incentive to save and invest. but, then again, those that don't save, have the government lurking about making sure the wealth is spread around. only ours though, not theirs.
and if the cost of financing is too high, perhaps more fiscal responsibility would come about..?