$SPDR S&P 500 ETF Trust(SPY)$ -To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SPDR S&P 500 ETF Trust(SPY)$

📈 $SPY BULL FLAG INTO CPI?

• CPI out in a bit and market is consolidating.

• Breaking 600 602.5 and 605 open for the bulls.

• Looking at the internals I feel a gap and fade might be in order, although seasonally it is very strong tomorrow we can see that fade into the end of week.

• Currently we are dealing with some euphoric levels and any dip in the market is good to capitalize on.

• Hopefully we do not get any ISLAND TOP tomorrow and you very well know what that means.

FLOW UPDATE: $GOOGL 185C $SPOT 425C and $NVDA 155C were on the flow today. $MSFT longer dated calls were being picked up.

No Rate Cut in Dec.? Market Ready for a Pullback?

U.S. stocks closed lower on Thursday after Federal Reserve Chairman Jerome Powell stated there is no need to rush rate cuts, hinting that a rate cut in December is unlikely. Initial jobless claims in the U.S. fell to their lowest level since May last week. Producer prices accelerated in October, indicating an upside risk to the Fed’s preferred inflation gauge. ---------- How do you expect the rate cut? Will rate cut estimates cause a big decline?

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