Your calls to buy before big news events hasn't worked well recently, you been wrong a few times now, including last FOMC meeting. Instead the correct trade has been to buy the dip/selloff just after the big news event, when its obvious the news event has already been priced in with a rally a few days before.
You were wrong, but the mistake is thinking data or any event matters. It does not. The market is in a controlled simulation to go up while consolidating and making V's along the way.
Very wrong analysis / prediction! Look at ES! It refused to jump up or down. It simply refused to move. Its day range is at 32 points and is one of the SMALLEST!
Mid morning most of opening losses were almost erased but yep I was wrong, next month will get that banging 1% jump after cpi release.
No offense dude but you gotta put a bit more work into these. E.g. why did you think that CPI would be in-line or surprise by +/- 0.1%? Why did you think that SPX would lift on it? Etc.
It was within the 0.1% prediction and I thought markets would love a number in that range plus or minus since the last year anytime in that range theu have rallied..... markets didn't sell off as it was looking at open so that was a huge win...tomorrow markets will be back at highs after the tesla hype robo taxi event and bank earnings!!
The play today was long commodity stocks. Luckily for me it's pretty much everything I own at the moment. Cashed in several of my Silver stocks end of day to free up cash, two of which made new 52 week highs today.
Please be our guest...keep shorting. Shorting a rising market is a great strategy. You'll be rich in no time.
Really is that how you make money in the market. Explaining things in detail on a public forum...Pfffttt