SP500 Idea before July 31st Rate Cut?

2019年7月6日

It sure looks like the Fed is looking to cut interest rates for the July 31st meeting. But how can it do such a thing if the market is making new highs....that would not make any sense. So Here is my idea. Lets see if I am correct. In the next few days...IMO....I think that the SP500 is going to move up to the neck line of this possible inverse head and shoulders pattern. I think it will reach approximately the 3020 range before swiftly moving down until the Fed cuts rates on July 31st. That's it. I am not sure how deep it wil go but it could be possibly one heck of a TVIX play. This is just an idea for you to ponder.