SPY GRAB YOUR POPCORN
Is something important happing tomorrow? The day we’ve all been waiting for is here looks like everyone has bought puts. Can retail be right and everyone wins tomorrow? One thing I’ve learned about this market is it loves to hand out max pain. I’m not saying puts won’t print but the casino rarely loses living in Las Vegas I can say that with confidence. Anything over 8% percent might send us into the 340s the same for the other way we head to 370s. The same thing that hurt us yesterday helped us today. The Bank of England came out today and said it was a mistake to say the comment about unwinding pension plan positions they are going to continue to buy bonds. Complete 180 how is this ethical yesterday’s market would have closed green if it wasn’t for that comment. Back to CPI remember 7 of the last 9 reports have turned the market negative just don’t go chasing use Fibonacci to buy the pullbacks and don’t fight the trend. FOMC minutes were about the same it’s all about inflation gotta bring it down it’s like a broken record already seriously it’s going to take a long time.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
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