I recap today's action which was a red day for a change. I'll be watching the reaction to PCE tomorrow closely.
Comment:
Apparently I don't know what day it is, I saw PCE as the first thing on my calendar and assumed it was tomorrow, but it's actually next Friday 🤡
All the analysis still stands though, the only difference is there's not a big catalyst tomorrow other than quad witching. VX and DXY still look pretty scary for bulls IMO, but we'll see what happens. I would expect some volatility and whipsaw action tomorrow, I don't think it'll be a great day to trade, but we'll see.
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All the analysis still stands though, the only difference is there's not a big catalyst tomorrow other than quad witching. VX and DXY still look pretty scary for bulls IMO, but we'll see what happens. I would expect some volatility and whipsaw action tomorrow, I don't think it'll be a great day to trade, but we'll see.