Today we have GDP report and also jobless claims. tomorrow we have inflation data. This will determine market movements. currently technicals showing a direction but it can easily change due to data releasing later.
we are currently on 7 consecutive red weeks. will there be a 8th or will we finally close green this week? many are definitely betting for a green week as we can see from the put call ratio.
However do stay nimble as current markets are full of traps and you'll easily lose money ...

We had a great week. While many were bullish, we knew the indices were gonna break a new low. Because of the tell tale signs of a weak rally which was shared in the previous video!
Indeed we got a break of a new low! What to watch out for next week?! Everything to take note of is in this video! Watch it, then decide if you would like to stay bullish or bearish!
Morning after globex surged, spotted another weak rally and told the guys that it could sell off later which it dropped 170 points dow...

So we got the sell off, broke back into demand zone at 11800 - 11900. Today during globex broke out of it to reach 11700s range.
Looks like I was right about this rally being a bull trap. While many were shorting, I was buying cheap calls preparing for this rally. But when it came and shorts got squeezed, I exited calls after looking at the rally movement and realised it was not the rally I was waiting for and went back into shorts buying cheap puts while everyone was buying expensive calls.
I...

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Today is the key data for the week. FOMC. Interest rate hike. 50BP is expected, 75BP probability is really low. But if we get it today, markets crashing another 10% from where we are at wont be a surprise.
If we get a 75BP planned hike next meeting instead of initially planned 50BP, it can also create a very bearish sentiment.
But if we get a planned 50BP hike with the next meeting likely to be a 50BP hike too, the market will likely rally temporarily as most stocks are on oversold levels give...