Happy Saturday!!!
I just finished a live roundtable session so charts and analysis was fresh on the mind.
S&P just closed 9 consecutive days higher
S&P Futures 9 green candles
The melt-up has been slow and steady, but persistent
Markets are now "repaired" back to or above the US Liberation Day break levels
on April 2/April 3
I see some near-term resistance in the S&P with FOMC coming this week. There
are some reasonable gaps lower for some pullbacks, but the PAIN trade persists.
The "pain" trade now is higher highs because sentiment is so bearish.
The "pain" trade if we see all-time highs would be a bull trap.
FED is likely staying paused for May and June per the FED Watch Tool and the first rate
cut may start in July 2025. But I'm watching US Yields to see if they persist higher because
that may ruin the FED's plan and power and 40+ year correlations.
Eyes wide open and small risk. Short-term strategies are doing well in this environment.
I'll continue to grind.
Thanks for watching!!!
I just finished a live roundtable session so charts and analysis was fresh on the mind.
S&P just closed 9 consecutive days higher
S&P Futures 9 green candles
The melt-up has been slow and steady, but persistent
Markets are now "repaired" back to or above the US Liberation Day break levels
on April 2/April 3
I see some near-term resistance in the S&P with FOMC coming this week. There
are some reasonable gaps lower for some pullbacks, but the PAIN trade persists.
The "pain" trade now is higher highs because sentiment is so bearish.
The "pain" trade if we see all-time highs would be a bull trap.
FED is likely staying paused for May and June per the FED Watch Tool and the first rate
cut may start in July 2025. But I'm watching US Yields to see if they persist higher because
that may ruin the FED's plan and power and 40+ year correlations.
Eyes wide open and small risk. Short-term strategies are doing well in this environment.
I'll continue to grind.
Thanks for watching!!!
Chris Pulver
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.
Chris Pulver
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.