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KoGamer01 t1_iy5xr0r wrote

that double top on SPY is going to bring it down to around 370 by Dec. 12.

When the cpi comes out and the fomc rate hike comes out we will either start a Santa rally or continue to fall down to 340.

The Jpow speech this Wednesday I believe has no real say because the data keeps coming out conflicting.

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DaddyDersch OP t1_iy68ajo wrote

i think the speech wednesday dependign on what questions are asked could be huge

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KoGamer01 t1_iy68ocm wrote

His main comebacks are going to be “mixed signals” “strong labor market” “not enough evidence to slow down” “seeing some cooldowns” “economy is hot”. We’ve heard it all before all that matters is cpi and rate hike and everything is just noise imo.

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DaddyDersch OP t1_iy6928t wrote

true but people said that about jackson hole and boy did he let the markets have it... a lot of people dont realize it but the fed minutes were NOT bullish at all... it was very hawkish and even jpow last fomc was still very hawk but market didnt listen.... again

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KoGamer01 t1_iy6a8fz wrote

Yep I read your DD for the minutes and saw you only noted 1 bullish thing and 3 bearish things lol. Funny how we broke 400 still that day.

Like I said the market hears what the market wants to hear. It’ll be funny seeing how this Wednesday plays out.

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DaddyDersch OP t1_iy6e6rb wrote

Yeah that markets really does hear what it wants

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