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 

$SPX - Chart Link - notice where the selling subsided and a bounce ensued. 

JP on Deck

Currently bouncing from Doji demand (downside pause and bounce for those nimble).  I added to chart so refresh. 

GLD - I'm adding on the surprise easing from greater than expected QT reduction.  Also sitting very near STS, so low risk trade (if using that STS.) 

XLE - Chart Link- note an open gap around the 89 area (89.6 fills the gap), and bigger support zone below around 200 MA and below

QQQ - Chart Link - played a degen bounce from demand - not interested in much more against algos

$SPX - Chart Link

I like the chart a lot but the fundamentals don't seem to give it an edge to play out as an inverse H&S. I'm surprised their sales growth isn't much higher with the whole aging population thing accelerating.  Mediocre growth relative to current PE (that's being nice) and the analysts definitely aren't tripping over themselves to recommend it either.