Quick UPDATE Feb 15
It's a super quick update just to get something out. Big news today.
All the information comes out an hour before open. Today's trading is EASY. The markets sit right at a pivot line. If the market does not like the numbers, it will sell down. If it likes the numbers, it will run to new highs. Let it pick a direction and then hold on.
Monthly OPEX is Friday. I expect some big moves. The market is NOT the economy. Let the market be the market. Just make money off of it being itself. Don't fight it. Play along. It's a stupid game, but it can be a profitable one.
Be Careful, Be Safe, Be Wise
and as always
Good Luck ![]()
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intuitive Jackal_354 : it doesn't matter, as long as there is no reason to cut rates the market eill go higher
BruceLin8 : So is it good or bad?
iamiamOP BruceLin8: They are neither
they were just blah. The market could do very little and wait for PPI tomorrow.
daydayup : Hi iam, what you think of QQQ now?
iamiamOP daydayup: I think it's building for tomorrow. but I'm not convinced of what it's building yet. I want to see another drop or a rebound. but I imagine it will hold in this range until tomorrow.
iamiamOP daydayup: there are fed minutes tomorrow and nvidia reports. somehow, I still think we get one more spike. I'm not shorting this, yet. besides quick day trades.
humorous Squirrel_48 iamiamOP: I also think the real pullback hasn't started yet, but today's decline does seem a bit scary
iamiamOP humorous Squirrel_48: I don't think so. this is routine and is essentially 2 days if trading in 1 day because of the holiday and futures being open.
humorous Squirrel_48 iamiamOP: So do you think we'll have another high this week?
iamiamOP humorous Squirrel_48: I'm leaning that way. at least maybe closing the gap above at ~435