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 Replies: 3,154 / Views: 104,933 |
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Pillar of the Community
United States
1263 Posts |
Just like clockwork, every night this week, they take it up to $69.xx near $70 then the morning shift takes it down to $67.xx then back up to close at $68.xx Eventually that 'consolidation' range is going to break out, either towards $66 or towards $72, that's the two nearest support and resistance zones.  |
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Moderator
 United States
193798 Posts |
Quote:
Eventually that 'consolidation' range is going to break out, either towards $66 or towards $72, that's the two nearest support and resistance zones. A nice little jump to the higher side late this morning.  |
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Moderator
United States
193798 Posts |
In the ~$69 zone! |
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Pillar of the Community
United States
1263 Posts |
Still in the consolidation range, bouncing like a ping pong between $69-$67 but tomorrow we could definitely see some direction. Quote:
The 2026 Jackson Hole Economic Policy Symposium takes place from August 27-29, featuring Federal Reserve Chair Kevin Warsh's highly anticipated keynote address on Friday amid market anxiety over long-term bond yields and inflation. Like I said before, Warsh said he won't give any forward guidance as to wether or not he'll raise rates in September. We'll have to wait for that. But the market will be watching and listening so intensely for the smallest of hints that I wouldn't be surprised if they hired body language interpreters. Edited by Harry213
Yesterday 4:31 pm
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Moderator
United States
193798 Posts |
Chopping in the ~$69 zone all afternoon. Which way will the night crew take it?  |
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Moderator
United States
193798 Posts |
Quote:
Warsh said he won't give any forward guidance... But the market will be watching and listening so intensely for the smallest of hints that I wouldn't be surprised if they hired body language interpreters. |
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Moderator
United States
193798 Posts |
The night crew got us cruising in the ~$70 zone.  |
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Pillar of the Community
United States
1263 Posts |
Looks like we've made it to the mountain top this morning.  $70.94 is the High of Day so far. Should be an interesting day. |
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Moderator
United States
193798 Posts |
I got it at $71.10 right now!  |
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Pillar of the Community
 United States
5958 Posts |
And, one minute later, it suddenly dips to $69 and sinking fast. Whaaa?  Edited by barryg
Today 42M ago
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Pillar of the Community
United States
1263 Posts |
WoW!!! Did Fed Chair Warsh just sneeze the wrong way or something!?!? Holy Cow  |
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Pillar of the Community
United States
1263 Posts |
The Dollar just shot through the roof too What did he say!?!?  |
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Pillar of the Community
United States
5958 Posts |
From CNN: "Fed Chairman Kevin Warsh stays quiet on interest rates but calls inflation 'concerning'."
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Moderator
United States
193798 Posts |
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And, one minute later, it suddenly dips to $69 and sinking fast. Whaaa? Yeah, I saw that. Someone just made some money. |
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Moderator
United States
193798 Posts |
Quote:
From CNN: "Fed Chairman Kevin Warsh stays quiet on interest rates but calls inflation 'concerning'." I thought I read that yesterday? Maybe it was a dream. |
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Replies: 3,154 / Views: 104,933 |
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Posted Yesterday 11:00 am
