We are in a range day today, quietly waiting for an official political agreement to do nothing, so that the market can slowly walk higher on a POMO support.
Pascal
We are in a range day today, quietly waiting for an official political agreement to do nothing, so that the market can slowly walk higher on a POMO support.
Pascal
Nothing exceptional to expect from today's POMO size compared to yesterday's very large one.
Much will depend on the new schedule to be released at 2:00 pm. http://www.newyorkfed.org/markets/to..._schedule.html
Small caps IWM's RS trend is still negative. That's the line to watch after 2:00 pm.
Billy
Very small POMO sizes tomorrow and Monday.
http://www.newyorkfed.org/markets/to..._schedule.html
IWM is hesitating at key pivot confluence/resistance. Porosity is hard to gauge in the current political stress and end-of-month window dressing.
Billy
Impressive close! If you did not have a short position before that, it would have been impossible to get the swift last minute down move.
Pascal
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