2 Bears but only 1 Hibernating + Professor's CPI Bday 13/10Hi everyone,
it's a video but here is a small synopsis for you all:
Market going sideways.. 19-20k, boring but Open interest is RISING and volatility is next. Big tsunami Tomorrow or earlier than CPI event? Long or short?
I think Long but as you will hear on the video a dip to buy is in play...
The bears:
Bears hibernate in October and our 'market bears' could well be very FED now (funny how the bears are FED and the FED is causing the mayhem with the rate hikes)
Then again there is another bear..the Big RUSSIAN BEAR..That one is not hibernating and experts say you don't want to wake up a hibernating bear..it's dangerous for her and also for you (google it)
In other words, we don't know what will happen, i wish that logic will prevail and things go back to normal so we can do business and have friends everywhere. Isn't it pathetic that we have to worry about nuclear weapons? (wtf!!!make peace damn it)
Then again there are Bulls, but they seem weak and scared, can't take control. Unless off course something encourages them and that could be:
-end of war
- Pivot (Feds stop hiking and start printing)
For now none of the 2 is going to happen very soon. Then again this is a crazy planet that moves very fast these last years
Professor's Bday:
13/10 tomorrow and time for the CPI (inflation data)
at the same time it's my 46th Bday. I am spending it in Istanbul (or Constantinople for us Greeks).
Maybe the markets will give me a little Pump for my Bday 🙏🏻🎂🎁
One Love,
The FXPROFESSOR
(Been very quiet and hibernating myself the last 2 months but i think you all gear up and man/woman UP because things change fast. We can have a very good 2nd half of Oct and Nov/Dec Yes, we got plenty of time for Xmas so from next week on we be back FULL time... especially if the Dollar finally takes a little break, come on!) 💙🆙
Links i used during the video:
www.reuters.com
www.reuters.com
www.cnbc.com
blockworks.co
Bears and Bears
