During a quantitative tightening interest rates act as a bullish sign in the stock market. So, a 75bps or 100 bps hike will push the stock price up. And then it creates a bull trap. That's when everything will go down to hell.
Leveraged Funds, Asset Managers and Non commercial are pushing the market to the downside. Keep your stops tight things would get real ugly in a blip. Don't hold long positions.
Look at the COT report here:
NFP news is going to be released in a couple of hours and in the 1hr chart it's formed into a triangular shape . And Day chart is also looking good. It's time to make some good money
In the daily chart it's creating a triangle chart pattern and 52k is a strong support. I think it's just a retracement it'll continue to fall untill it reaches 52k and then we can see a moon shot to 84k
