The Market (For Followers) + SPY + Stocks

Good morning everyone! I hope your week has been filled with tendies entering your retirement fund.

This week really has been crazy. We've had huge up days and huge down days. But today is by far the most important day. Jerome Powell is speaking! At 10:05AM NYC. This will absolutely move markets, so be careful trading. Before he speaks, the market retracted all its gains from two days ago putting us at the level right before NVDA earnings. Will we get those gains back today or will we slump for the rest of the month? I am not sure right now.

Investors think:

1. If Jerome speech is short = VERY BEARISH

2. If Jerome speech is mostly pre written = Bearish / Bullish

3. If Jerome speech is long = Neutral

4. If Jerome speech isnt mostly pre written = Uncertain

5. Jerome is expected to discuss the fast increasing US economy while inflation continues to rage strong

6. Jerome is expected to discuss the central banks interest rate outlook

7. Jerome is expected to discuss the current economic trends and possible outlook for 2024

8. Should Jerome come out as overall bearish, stocks might tank for the rest of the month and see lower lows in September, a bear month.

SPY Daily:

SPY Weekly:

SPY Monthly:

FOLLOWING MY PAST PREDICTIONS TO A TEE. :) Goldman Sachs here I come.

Goodluck trading today, it is going to be a crazy session. I hope everyone makes some money