Expecting indicators to go further oversold before a real bounce. You figure all the idiots that bought yesterday have to sell.
Also, I'm convinced the drop last week was because the numbers leaked out. How hard is it to bribe govt statisticians?
Was tempted to do a gap fill play on PCAR but will wait until tomorrow to go long.
Also, I'm convinced the drop last week was because the numbers leaked out. How hard is it to bribe govt statisticians?
Was tempted to do a gap fill play on PCAR but will wait until tomorrow to go long.
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Powell is such a moron, by talking about rate cuts too early before the election, he caused rebound inflation (look at commodity prices), and now he's gonna have to raise rates right before elections.
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A large gap down tomorrow would make for an easier play to go long, but the market never makes things easy for me, so I wouldn't be surprised if it gaps up then goes down, lol.
As a side note, I mentioned PCAR this morning, it did indeed fill the gap today so that is still a valid play.
As a side note, I mentioned PCAR this morning, it did indeed fill the gap today so that is still a valid play.
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I see an intraday pennant on ES and it just broke downwards.
Probably just a slow drift down the rest of the day