The odd thing here is that they bought in after market opened rather then the typical pump and dump. Tread carefully,. I suspect they may pump it again tonight to get the gap fill from Trump's China no deal tweet. hate gaps, even worse than the markets.
Of course, the gap may be a , and this could be it... either way, the market has set up for a Fed disappointment tomorrow. 2 rate cuts priced in, the dot plot isn't going to show 2.
If you're bearish on the Fed, leave some room to add puts tomorrow morning.
I can't imagine the Fed cutting rates when the market is at the top. If they do, we go parabolic here.
Once again the Euros get to decide the open. We'll see if they get a follow through on the rate cut news.
If we don't get a drop tomorrow, then we're looking a new ATH while rates are inverted. The pumptardedness of the market never ceases to amaze me.
… or maybe the market just goes parabolic, lol. Who knows anymore.
I've never heard of rate cuts at the market top. Insane.
BTW, I bought SDS right before AH close. That's my final add to my short position, then I give up, lol.