I haven't heard him say much in the press conference that would goose the market. It's an election year - they can't be that obvious. The market is seeing the coordinated easing in the written statements. 

SPX 10m

That's a low risk area for longs (not shorts) simple as that - don't get focused on reasons - instead TRADE

I understand the demand zones and we've been in them all day and then JP starts talking and that means a 1% bounce. It wouldn't have bounced off the demand zone like this if there was no conference today but I'm sure it would still go up but gradually.

$SPX - Chart Link - calling it a day - will review again tonight in newsletter 

icecoldjones - you may want to look at the charts again (the highlighted demand zones on QQQ and SPX) 

So buy SPXL every time JP talks, got it!

Demand zone rippy 

Don't listen to what he says. Just watch the charts. They don't always correspond as you might expect. 

QQQ - Chart Link - Nice pop from demand (no interest in shorting demand)

Both Janet and JPOW did as expected and used the backdoor to a coordinated ease. Maybe a squeeze but it makes sense - the money printer just kicked from Turbo into ludicrous mode. They just did it in a way that's not completely obvious. 

doesn't matter what he said ... it's bullish ...   lol ... what is 2024 

I'm hearing nothing positive in his press conference but people still want to pump when he talks....   SMH

Squeeze 

Let's rip ...  back to the 50ma 

XLE - Chart Link - nice bounce for you degens

More sneaky stimulus. Monetizing the debt (very very quietly and with no fanfare...in paragraph 2)

Buckle up!

My guess is sneaky dove clues will be dropped. 

IBIT up a quick 1.5% since Fed surprise easing. 

SLV