FEDS AND SPY

2 בנוב׳ 2022

SPY in in short term bull channel.
It has formed bull flag, but it has also shown clear bear divergence on 1-4h
It really comes down to .25% if we continue rally or not.
Also announce of slowing the hike will have an effect.
Be aware of falls spikes in either direction around 2pm.
Cash is your friend

Good luck

2 בנוב׳ 2022

הערה

Also worth mentioning is the fact that in Canada hike rates have slowed down to .50 , which prompted temporary rally few days ago.

2 בנוב׳ 2022

הערה

I made a quick buck on this, lol
But I am going to stay on the side until tomorrow and let the market figure it out.
Feds .75 with no clear path to easing is putting us in a limbo.
Paradise for scalping.

3 בנוב׳ 2022

הערה

It may form H&S

3 בנוב׳ 2022

הערה

okey , H&S is no longer valid