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Short Term Trading Weekend Lounge: 19-21 Oct, page-17

  1. 1,211 Posts.
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    IMO todays big Pin-Bar candle was very bullish for the ASX and that the "fear" sentiment may be starting to reverse...?
    This could be especially true as the US markets had a pretty big decline last night.

    I had been fully expecting the ASX to start dropping down hard again today but we rebounded nicely.


    I also noticed that when the FOMC meeting notes were released on Thursday night the US markets were unfazed, even though the notes were quite hawkish...
    This signifies that the December interest rate hike is already priced into the markets.

    So maybe now we can remove one "uncertainty fear" out of the market as another interest rate hike seems to already be priced in?


    Although there's still heapz.. of other $hit that can go wrong haha but today seems like one small win...

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