ES Update

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Well, here comes the Fed whipsaw!

MFI already hit overbought, RSI hasn't. All I can tell you is that I expect this whipsaw to be pretty big

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I'm bearish but too scared to short, lol

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Based on the immediate reaction, I would assume the Dot Plot still shows a rate cut

It's a whole village of idiots, lol

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Not much of a whipsaw so far, but I've seen double and triple whipsaws on Fed day.

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Yup, I was right, Dot Plot still shows 3 rate cuts. Idiots, lol.

finance.yahoo.com/news/fed-dot-plot-suggests-central-bank-will-cut-interest-rates-3-times-in-2024-180543905.html

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Kinda looks like a "buy the rumor, sell the news" event.

The market is so overbloated they're having trouble pumping good news, lol.

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You gotta figure the Dot Plot is the same as December, so the market has already priced it in the last 3 months.

I think this is the final pump and dump