Barring some negative trade war development, we should see significant upward movement in equities this week. Lots of underlying energy. A positive trade announcement, which I completely doubt, would be astronomical. Being long tomorrow will pay nicely before Friday. Wednesday at the latest.
Just a feeling/hunch, and I've been wrong before. But sometimes, I'm not :-)
Just my guess (best to fade me) we need one more push lower to complete the correction. 7100ish on the june Nasdaq e-mini.
FWIW. No expert here but the equities just seem tired to me. Full disclosure. Been shorting the emini occasionally the past 6 months.
Not living up to my expectations so far, that's for sure. They've tried to rally a few times, but get beaten back down.
Went a little farther than the 7100 ish but we will see if this was an ABC correction or something else.
Nice call. Rumors of fed easing and then Powell somewhat confirming the possibility made the current prices look pretty attractive.
Very"dynamic" market right now.