SPXNDQNVDAAAPL If the catastrophe Powell cuts rates by 50 bps, the market will crash 100%. However, if he decides to cut by 25 bps instead, the market will become more volatile, with any bad data reacting negatively and Powell being blamed for not cutting rates enough. Many dems senators actually sent letter to the FED members for 75 bps cut because they want to rig and win the election. The market has sold off to derisk Powell and Harris risks, which could make this the most important watershed moment of the entire year.
AAPL Daily Gaps to support at lower parallel. 1. Double top gap fill above 2. Closes as reversal bar 3. Three LL pullback trade 4. Two lower low pullback trade 5. Pattern tightens / Downside break to lower parallel creating another gap. Bar close important.