The market is a forward discounting mechanism and looking back my stance is that the stock market are anticipating a pause in the FED stance. Hinted on Wednesday by FED Chairman Powell who said "smaller rates increases are likely ahead" as soon as December.
If the market is anticipating a pause, THE GENERAL MARKET INDECIES are likely to push forward. This of course is different to the actual stocks pushing up. So my stance is Discipline until I get good enough traction.
The real question is HOW MUCH HAS BEEN DISCOUNTED already?
If the market is anticipating a pause, THE GENERAL MARKET INDECIES are likely to push forward. This of course is different to the actual stocks pushing up. So my stance is Discipline until I get good enough traction.
The real question is HOW MUCH HAS BEEN DISCOUNTED already?
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๐ I share my TRADING everyday here: discord.gg/gTmcqWyWWe
๐ I sell premium indicators here: tradingviewindicators.net