Interesting, delayed reaction/response to the rate cut - I would say. With the buying starting in Asian markets and flowing through European markets but the time it got back to the U.S., the cash markets gapped higher with the futures and ETF's adding to strong upside moves. It was interesting to watch the economic numbers receive a muted response. Nonetheless I'm continued to favor the Minor 5th waves being in force, but I do give stronger words towards the necessity for the Nasdaq to pick up the pace and get above 21000. AKA - leaving the "irregular b-wave" analysis in place as well for now.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.