Posted by icecoldjones on 1st of May 2024 at 02:51 pm
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.
Posted by DigiNomad on 1st of May 2024 at 02:55 pm
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 30 Updated View
Posted by steve on 1st of May 2024 at 02:48 pm
$SPX - Chart Link - calling it a day - will review again tonight in newsletter
Don't like fighting those algos
Posted by steve on 1st of May 2024 at 03:59 pm
Don't like fighting those algos - missed the short with my son's g/f locking keys in the car. Crazy day
I understand the demand zones
Posted by icecoldjones on 1st of May 2024 at 02:51 pm
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.
I haven't heard him say
Posted by DigiNomad on 1st of May 2024 at 02:55 pm
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.
That's a low risk area
Posted by steve on 1st of May 2024 at 02:52 pm
That's a low risk area for longs (not shorts) simple as that - don't get focused on reasons - instead TRADE