Replies to post #4346 on Wyckoff volume benchmarking / market profile bt a

[keepsinvesting]

It has a nice down channel on the 1hr, once broken above it.. we rally hard to 2900

[Wishthiswasmyjob]

The completely dovish stance change by
Powell and the Fed has basically just said
We're not going to let it fall whatsoever

They know it's not strong enough to sell their assets -
They know it's not strong enough to take more hikes -
They know GDP is weak and global is slowing...

It makes me cringe, but we may be back to a buy the F'n dip world.
The Fund managers were probably celebrating last night.

Unless the consumer completely disappears,
Unless the US Dollar falls hard and inflation really climbs...