Key notes for all
The break of key support at 434/435 was made by the market makers to bring it down with a gap.
So far, the selling has been manipulated with consistent selling with controlled buying also.
It could be a big bear trap should indicators start to point positively, e.g. govt shutdown averted, PCE, GDP, etc
It might even short squeeze.
So note movement thursday
note powell speech reaction on thursday
note PCE reaction friday
last night's move after 2am Singapore time was a good indication of what is possible.
But, pls be mindful that I am not saying it cannot still want to form the lower high and then go down to 400 and below 400
@Deposit @melson @CaptainTiger @LMSunshine @TigerStars @macroB
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I see Futures are up nicely at the moment up up & away
Fewtchas lower. RATES - HIGHER FOR l O N G E R
Best Buy is today indeed