Buffalo
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A quick update
J Pow came out with a new tone, Doveish.
And now we hear central banks around the world are getting ready to cut rates. That means the end is near. Historically, we get a brief surge at the cut and then a dump. Something is broken, whether or not we feel the effects yet is uncertain. It seems the government has nearly unlimited bailouts (banking and commercial real estate so far). But that's neither here nor there. Let's look at the charts.
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
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J Pow came out with a new tone, Doveish.
And now we hear central banks around the world are getting ready to cut rates. That means the end is near. Historically, we get a brief surge at the cut and then a dump. Something is broken, whether or not we feel the effects yet is uncertain. It seems the government has nearly unlimited bailouts (banking and commercial real estate so far). But that's neither here nor there. Let's look at the charts.
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
...
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Buffalo
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Today is the day!
PPI comes out an hour before open and oil inventories get released an hour after that... but 2 hrs before the market closes, the FED fund rates get released (there shouldn't be any surprises), but the big dog, Papa Powell, speaks an hour later.
The market is over its ski's 🎿
and Powell has a history of putting it in its place. Can he do it again.
The QQQ almost hit my 400 target. That means it's at a great place to pull back. It's also a great place to bla...
PPI comes out an hour before open and oil inventories get released an hour after that... but 2 hrs before the market closes, the FED fund rates get released (there shouldn't be any surprises), but the big dog, Papa Powell, speaks an hour later.
The market is over its ski's 🎿
and Powell has a history of putting it in its place. Can he do it again.
The QQQ almost hit my 400 target. That means it's at a great place to pull back. It's also a great place to bla...
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Buffalo
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On the last trading day of this week, the market once again initiated a brutal short squeeze (caused by a surge in short selling on Friday), with some short sellers' "anger" and "fear" controlling the release of individual behaviors (such as retaliatory trading caused by anger, desperate closing after fear, etc.)....The market is doing what it has always been doing, starting a hundred years ago, repeating infinitely...
$S&P 500 Index (.SPX.US)$ Filled the upper gap (far beyond my expectations), and there is no intention of a pullback at all. After a consolidation in a small range for 4 days, it directly broke through the gap. Currently, it has encountered a downward trendline, and specific details will be shared on Sunday.
Wishing those who adhere to the prophecies of QQQ 310-330, 265, 165 a speedy recovery... (I always say don't try to prove you are right, because the market is always right...)
Wishing you a happy weekend~
$S&P 500 Index (.SPX.US)$ Filled the upper gap (far beyond my expectations), and there is no intention of a pullback at all. After a consolidation in a small range for 4 days, it directly broke through the gap. Currently, it has encountered a downward trendline, and specific details will be shared on Sunday.
Wishing those who adhere to the prophecies of QQQ 310-330, 265, 165 a speedy recovery... (I always say don't try to prove you are right, because the market is always right...)
Wishing you a happy weekend~
Translated
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brothers.
Buffalo
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They're back!!!!
what will the FED do??????
$30-Year Yield Futures(NOV4) (30Ymain.US)$
$Micro 10-Year Yield Futures(OCT3) (10Ymain.US)$
$Invesco QQQ Trust (QQQ.US)$
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
what will the FED do??????
$30-Year Yield Futures(NOV4) (30Ymain.US)$
$Micro 10-Year Yield Futures(OCT3) (10Ymain.US)$
$Invesco QQQ Trust (QQQ.US)$
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
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Buffalo
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I hope everyone is trading well. The market is wild, huh.
PPI comes out an hour before open.
The market has done NOTHING spectacular. I said expect a 5- 10% pullback, meandering down, before resuming up.
Here is my post from July 20:
Understand that. We are not on the Titanic. We are still in a bull market. It's probably not the kind of market someone wants to trade in unless you find and play the individual stocks.
I think we bounce around up at these prices. Before dropping...
PPI comes out an hour before open.
The market has done NOTHING spectacular. I said expect a 5- 10% pullback, meandering down, before resuming up.
Here is my post from July 20:
Understand that. We are not on the Titanic. We are still in a bull market. It's probably not the kind of market someone wants to trade in unless you find and play the individual stocks.
I think we bounce around up at these prices. Before dropping...
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Buffalo
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Buffalo
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Another leg down?
After a rebound?
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
Divergences on every indicator, except the MACD fully. I like the 14970 as a temporary bottom. That doesn't mean we couldn't go to ~14940 before a rebound. If we bounce, I suspect we bounce up to between ~15220 and 15340.
on the 30 min, now we see the full MACD divergence. this looks like it wants to bounce. if we don't get a bounce, that would be bad.
the QQQ is similar
$Invesco QQQ Trust (QQQ.US)$
...
After a rebound?
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
Divergences on every indicator, except the MACD fully. I like the 14970 as a temporary bottom. That doesn't mean we couldn't go to ~14940 before a rebound. If we bounce, I suspect we bounce up to between ~15220 and 15340.
on the 30 min, now we see the full MACD divergence. this looks like it wants to bounce. if we don't get a bounce, that would be bad.
the QQQ is similar
$Invesco QQQ Trust (QQQ.US)$
...
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Buffalo : Pretty red
Buffalo : How long do you think it will run back up?