Throwing another log on the fire

*Read George's post 1st

I want to add to what George posted earlier. the market has been on a tear into CPI and last Monday into Tuesday we saw buy signals with confirmations (yellow and green arrows on the chart on the left below). CPI came out we started to head up and then reversed just after 1000. But why then? We just needed a catalyst and that came from the Yen. The Yen surged 3% and the dollar took a dive and brought the market with it. These chaotic candles downward can become a self-fulfilling prophecy as people scramble to take profit (sell the news). A confluence of events, selling the news, falling dollar, fed speakers, and weekly options expiration tomorrow drove the market down IMHO.

What will tomorrow bring? If I knew that, I’d be on a remote island now sipping drinks with little umbrellas.

But I can tell you there is more news coming and my guess is the market will be choppy. Don’t get shaken out of your longs, the $DXY isn’t going anywhere.

If I put on a trade tomorrow, I will do my best to post it in the Discord. But if there is not trend, I will sit on my hands.