The Market

Good morning everyone! I have to go to a meeting this morning so this has to be breif.

Investors are expecing a US Government crash (shutdown) with 90% probability. Throughout history they usually are solved rather quickly, but this time around it might be hard to allow more spending. They might crash (shutdown) the government, which actually would be bullish for inflation I think. (Meaning I think it would help fight inflation)

The spiders are sitting above 430 right now, we need to hold that level or we will chop back down but the probability of going up is solid. Why? Becuase it's the last day of september! September, also know as "september slump" is historically the most underperforming month in the market since the 1950s. The next trading day, which I REALLYYYYY do not want to trade, just so happens to be the first day of October. Unlike september, October is one of the best performing months of the whole year in the market.

Even though I wont be trading this morning, I will be looking for the reversal setup. I think there is still bearish sentiment in the air and we might end up rocketing up sharply to revesal down somewhat on the day. Again, I have no way of predicting the market so let's see.

Remember traders, we need to push, reject, and make a BOS over the CHoCH for more upside.

I'm not wrong when I am right hahaha.

I hope you all make some money today and be careful trading.

ALSO, Jerome Powell did not mention anything about the economy (in terms of outlook or monitary policy) or rate hikes yesterday. The market went up due to Tesla (as we knew it would 3 days ago) and investors are anticipating a vix crush today. Will we balloon or crash? I think I have a good idea but I will let you figure that one out.

Have a great friday and drop a like if you took that trade with me yesterday

I'm feeling good today so I'll tag the spider. I know I said I am done with the tags for The Market, but I will do it just this once out of appreciation for all of you. Thank you for the support and make yourself proud by cashing in your neighbors salery in one trade