A few brilliant technicians have pointed out the yen lately. @BartsCharts points out the HUGE short setup in the US Dollar/Yen.
The market always seems to just ‘go there’. Two Year Treasury Yields broke out of a huge base (via @JLyonsFundMgmt) two days before the Fed decision. As a trader, we have to avoid acting when the market ‘goes there’. Risk is heightened drastically. Case in point, check out the ensuing failed breakout action to end the week.
Oh by the way, @RyanDetrick points out the next three weeks are the historically the worst of the year.
MARKET OPERATOR INSIGHTS
@jessefelder was interviewed on StockTwits #Themustfollowpodcast. The best nugget from the entire chat:
“The more popular it is to ridicule an idea, the more confidence I have in it.”
@The_Real_Fly reminds us there is nothing particularly special or evil about the market these days.
Wall Street always has been and always will be 1.0, the same characters pick pocketing one another, running scams, playing the game.
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