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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (68650)	9/2/2022 2:02:24 PM
From: ajtj99	3 Recommendations Recommended By ItsAllCyclical Jacob Snyder LoveAG Respond to of 97558

I don't have a good feel for this market since the AM highs. I caught the move up, but the patterns this year suggested this day should have closed at or near the highs. The USD has messed that up by moving up aggressively since noon. Everything is about the USD now. The USD is about interest rates. Interest rates are about inflation. We just have to follow that.

To: ItsAllCyclical who wrote (68650)	9/2/2022 2:11:48 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 ItsAllCyclical Read Replies (1) \| Respond to of 97558

If it wasn't a Friday before Labor Day, I'd say we flush into the close. The holiday has me limiting short exposure. I just don't see them letting longs get out even here though either. A lot of momo players are probably trapped now as they bought the ramp up this morning. Reading around SI last night and this morning, numerous threads were already proclaiming yesterday was the retest, the bottom was in and we were all up from here. AAII shows a lot of bears but what they say and what they are doing aren't jiving. There's a lot of puts down at 3900 so I'm thinking we end right about where we are, 3920-3950. Keep everyone scratching their heads over the long weekend.