PTCT - Chart Link- long idea from Monday, I missed it unfortunately as I forget to set an alert

$SPX - Chart Link- updated 5 min view, obviously nice launch out of that base

Yep. You can hate how they are printing money and inflating their way out of all problems and gaslighting all of us along the way (I sure as hell do), but it doesn't help to trade against it. Just makes it worse.  Consider them guilty as charged and then figure out how to profit from the effects of continuous currency dilution.  There have been ZERO hints that they have any concern or plans to stop the spending and printing - in fact they just surprised from an expected 200 billion to 240 billion and raised the out quarters....so they are openly accelerating, not the other way around. That will inflate asset prices. Maybe not tomorrow, but it will inflate them. 

Honestly I think your problem is that you only look at the market from one perspective, and that is with a bearish bias. You need to be flexible to the market direction. I have the opposite problem in that I'm a much better bull than bear. So I try to be open to the bearish perspective of others and take advantage of the opportunities that are offered. 

Kudos

I have a job too and I never day trade. But you can still profit here by following longer term plays, like the STS tables or the automated system trades. 

XBI - STS system NAILED the New Long, 4/29. Well done, Matt & Steve!

BS ANSWER JP! The current rates are not doing their job because inflation is increasing again. Just because we don't have the super high rates we saw 2 years ago, doesn't mean they still aren't high and getting better! People believe this TRASH and JP has gotten so good at the narrative. Just raise the Fed Rate to 7% and lets get this over with! The lower and middle class is going to get demolished soon and there will just be extreme gap between lower class and upper class soon with the middle class non-existant. 

GS

This post yesterday was essentially spot on. Janet's role was more hidden but still very powerful.  

I think it's hard to trade these in the moment. I have been trading non stop to setup for it and had everything set about an hour before the print (except I added Gold when shadow easing was confirmed). Market could still go down because the economy is weaker than they can say out loud, but I CRUSHED it today.  Now reducing positions. 

The way you know the Fed and treasury eased is by looking at the dollar action on the announcements. That is the largest, most liquid market in the world and tells the story clearly. Everything else is likely propaganda, bias or just noise. 

mla127, are the volume bars in the last 10 mins of each day normal?

steve, I wish I could day trade but I can't with my job, my work is being hindered by me on here at this moment. Even if I knew how to read all the charts, I can't all day sadly...

Yes FED came out Hawkish and market ripped (LOL) 

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!