Let's tap 2560 and see from there, patience is key

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People remember, obviously 50bps is crazy dovish, but the market priced this probability in so don't be surprise if we still go down simply cause we need to retest that breakout to continue higher for next year

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Well this 4H went up to create a top wick

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They did it !!!!!

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Also this 4H has no top wick, we could see a spike up followed by the sell off towards 2531 or the opposite obviously ^^ Just saying the price has a high probability to revisit 2575 before the end of that 4H candle .

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Guys also, make sure to wait for the conference after the first reaction to the cuts, markets tend to get a bit crazy when Jayjay says hello

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When price reacts exactly at your levels it creates a fuzzy feeling ^^ Now to see if we can continue down

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What's in the box ?!!!!!!

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If by God you mean the Mossad

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My vision of PA right now

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Well that one seems still in play we tapped into 2580 instead of 2578 the higher the better before a sell off, now let's see what US does to setup the news

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If FOMC wasn't on the board i would go for this setup but the news makes it a bit harder to know where we go first :

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Israel pulled one on Hezbollah watch out for market reaction to potential escalation

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The odds of the daily closing bullish ? Hmmm very low i'd say, i mean 2580 maybe but it shouldn't go higher than that imo

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Expecting a retest of 2574 maybe 2576 before more downside, could be an opportunity to add short to target 2550, let's see

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Dunno what Fed Member Logan is saying but it's pushing ^^

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The way price is consolidating below 2580 is not making me optimistic for more upside before FOMC though

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Well the thing is opinions are basically divided, on one side you have analysts saying the market has overreacted to the possibility of 50bps and needs a hefty correction, on the other side you have something like what you mentioned with some asking ...

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Yeah i think the market overreacted in expecting 50bpt cut and now people are starting to adjust their long positions, meaning reducing their exposure in case we get 25 instead

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Yeah i mean the short is secured in profits, but for me to consider a long here i would like to see the 2565 area and a rejection from there, don't like the idea of beeing long that far up here without a retracement having happened first

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