The sharks are circling the bloody baby seal. Gap down is just a flesh wound coming from Europe. We got crude with another gap down today and it is starting to really affect the indices.
I can finally see the blood in the water as the pre FOMC nerves and endless bottom in oil are acting like a 1-2 punch to force a risk off. Funny thing is, this rate hike is doing a great job of pushing down interest rates with risk off price action.
Looking to get long ES later today around SPX 2024. This will be a long term holding. Fed is going to be very dovish with their statement and conference call. That will excite equities.
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FTSE a bit underwater now but was small only. Gong long S&P at 2022.
We're already at my target, gonna go in half here and wait for a bit lower later in the day to add the other half.
Prepare the vaseline. Going down to 1950 in a straight line. Fed will hike. Then we are going down some more after that.
Got the Vaseline and ready to apply!
Slather that shit on good. Get the latex gloves. Market is about to run a train on all longs.
Expecting Sunday night weakness, I sold the longs and will re-enter on Monday.
I think it's safe to say (so far) that we all fucked up thinking there would be a santa rally this year starting from November given there is an imminent rate hike in December.
Yes, so far, being an eager beaver hasn't helped. But expect a rally post Fed as Yellen will be dovish due to market conditions.
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