Which Means Wednesday – Fed Version

And as soon as once more the Futures are up.  

As you may see from the S&P chart, we now have had some large gaps up within the thinly traded open after which drifted down throughout actual buying and selling on the finish of the day.  That is like somebody who works for the public sale home shouting “100 Million {Dollars}” on the primary bid for a portray to ensure the opposite suckers within the viewers begin bidding greater.

Within the case of the markets, the Banksters purchase up the Futures on skinny buying and selling (so it’s totally low-cost to do) and trigger the Retail Suckers to pour in and chase the momentum so the Banksters can dump their shares all day lengthy throughout actual quantity buying and selling.  That is how wealthy individuals exit the market – they create a shopping for environment and so they take their income whereas poor individuals comply with their recommendation – which does not really apply to their very own actions.  You see the massive brokerage homes doing that on a regular basis, exiting positions whereas their analysts are pumping the Tesla inventory.

We had a very good day yesterday shorting the Dow (/YM) Futures from our commerce concept within the Morning Report and congratulations to all who performed alongside.  Our morning name for our Members was:

So we’re sticking with our technique of shorting the indexes (which did not work yesterday) as we’re prone to be rejected right here (Dow (/YM) 28,100, S&P (/ES) 3,405, Nasdaq (/NQ) 11,475 and Russell (/RTY) 1,550) and, as normal, we will simply quick the laggards, which might be /ES crossing under 3,400 and /YM confirming under 28,000 – we should always catch a fast journey down however the Fed goes tomorrow and that ought to give the marketsupport till they’re disillusioned by that so tight stops above!

As you may see, this wasn’t rocket science, the pivot factors on the Dow have been 28,014 and 27,795 and we merely allowed for the pre-market BS pump job and took a stab at shorting early however as soon as we confirmed the transfer under 28,000, it was a no-brained to leap in for the 200-point drop on the Dow (at $5 per level, per contract!).  This morning we’re again to twenty-eight,000 once more however we now have a Fed Assembly at 2pm so it isn’t a very good day to play the futures – too risky.

Talking of risky, 












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