SPDR S&P 500 ETF TRUSTDiupdate SPY FOMC PART 2
Looks like tomorrow is being loaded with puts at 410 and 405 for Powells speech, your guess is as good as mine as to what he’s going to say. 12:40 Wall Street time. Today’s yields were ripping that’s not a good sign for bulls also meme stocks are taking off that’s also a bad sign for bulls and the daily candle show’s confusion. So pretty much I don’t care about Bidens state of the union but I really do care about J Powells, when he talks markets move. Expecting sideways action tomorrow I’m treating it like a part 2 of the FOMC meeting we could see 406 or if he talk’s dovish we are off to the races people are buying dips like they’re going to a Super Bowl party either way be ready
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
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