ConservativeOne1

Pivot starts manana

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OANDA:SPX500USD   S&P 500指数
They drove it up hard today...a bit further than was originally anticipated. Expecting one more push tomorrow...CPI will most likely come in a bit lighter than expected and everything will pump...metals, stocks, etc. anticipating the FED will conclude inflation is continuing to soften so less chance of rate hikes, etc...the reality is that the pivot is likely starting at the close tomorrow...they will blow through the down trend line in an overshoot...everyone will flip boolish and then comes the rug pull! I say a 3% move up tomorrow should do the trick...right to the 0.786 retracement fib and then the reversal comes suddenly!

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