My high time frame stuff IS NOT CONSTRUCTIVE, and won’t be until mid winter.
We may bounce some between now and then, but my preferred (LT) setups are NOWHERE in sight.
And they have been since the last highs. Which might get retested again at some point.
AND … my take is SHARPLY at odds with the EW gurus here who ALL are riding a 2nd wave still.
Just holding. No way to predict this up and down action to buy and sell and sell and buy. This shitty market is too damn messy.
what is sentiment…….???
I think I can predict that TRUMP’s sentiment on today’s hike will not be positive…….
…. and impact will hit home — no doubt by mid-terms
ATLANTA FED PREDICTS 3RD Q 5.1 INCREASE IN GDP
https://x.com/TonerousHyus/status/2100257960773452141
Trump lashes out at Fed after first interest rate hike in 3 years
https://www.msn.com/en-ca/money/general/trump-lashes-out-at-fed-after-first-interest-rate-hike-in-3-years/ar-AA2cmLGS?
All over the place. If $63 silver doesn’t hold, look out below. If $4300 in gold doesn’t hold, same thing.
Yup. That’s the near term picture.
My high time frame stuff IS NOT CONSTRUCTIVE, and won’t be until mid winter.
We may bounce some between now and then, but my preferred (LT) setups are NOWHERE in sight.
And they have been since the last highs. Which might get retested again at some point.
AND … my take is SHARPLY at odds with the EW gurus here who ALL are riding a 2nd wave still.
“hike”? Oh Yeah? not so fast. INBOUND.
https://x.com/onechancefreedm/status/2100328800210804879
Fed Hikes Rates For First Time Since July 2023, Signals 1 More Hike In 2026
As the market expected, The Fed hiked rates by 25bps (for the first time since July 2023) despite a trend lower in CPI over the last three months.
Today’s decision was unanimous and the ‘Dots’ signal one more hike in 2026.
The Fed members increased their GDP outlooks, lowered their unemployment forecasts, but hiked their inflation outlooks…
The big question for today of course, assuming they do hike, is whether this is likely to be a “one and done” move.
https://www.zerohedge.com/markets/fomc-41
Fed Chair Warsh Explains Why He Hiked Rates Into Stagflation
https://www.zerohedge.com/markets/watch-live-fed-chair-warsh-explains-why-he-hiked-rates-stagflation