SPY 3 WAYz
Up, down or sidewayz lol. Tomorrow’s PCE # is going to be the direction we go for the next week. 4.7 bad 4.5 good that simple. If we get anything lower than 4.5 we will have a short squeeze in full effect. This market is looking for any good news and today was more bad news, apple gets downgraded and the vp gets let go for some dumb video come on. Meta is looking like it’s going backwards and is no longer in the top 10 market cap in the S&P. The FEDS all say the rate might have to be higher then the 4.4% they a predicted last meeting that’s a quick change about. They keep doing this we might end up with a deflationary bust that would be very bad for the economy negative money would be Great Depression type stuff. So let’s hope for some good news on a Friday to end this crazy week it’s been rough trading for a lot of people if you end green you’re following your rules. I would like to thank everyone who commented on yesterday’s post very nice, we should always be helping and looking after one another no matter what. I’m a giver not a taker most of us do this to provide comfort for those we love and care for. Unfortunately there are a lot of trolls out there so block the noise stay positive and fight the good fight. As always trade what’s in front of you good luck and happy Friday!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.