Tofu FuturesBanks might be toast but the Fed isn't done until tofu comes crashing down in a H&S pattern. If they don't raise rates next week, everything pops back up.
My guess at this point is .25% because the Fed is usually more hawkish than ECB, so I doubt the Simple Jack Powell keeps rates the same. I doubt he does .5% though, that would absolutely tank the market. Of course that is what he needs to do, but he won't do it because he's the Village Idiot. the ECB apparently is now willing to do it though.
Tofu
Now short Soybeans...what a run. I have been reading the marco drivers on it's run up and the marco on why I think it will drop. man oh man... serious momo behind this commodity.
Ok, now at a pivot point, previous resistance, for an engulfing on daily. heatmap indicator overbought all day.
2:1 RR 1% risked.
Off the top of my head... I have had a couple great wins with this bean.. then a few small losses.
Let's see what happens.