Good morning traders, 15mims till CPI, holding my $arm puts. Let’s see how $spx $qqq $spy open, gonna be a day, PPI Friday, which is more important IMO.
#wti is up .38 as we speak. #gold down 2%, both are being manipulated hard. USA doesn’t want run away inflation and is capping energy/ gas prices. Gold being brought down, all this rate hike stuff, ain’t happening, USA needs to cut bad, what is it, 10T to roll over this year?
Well this means one thing, buy! Cause when all the predictions at the beginning of the year were 6000, banks were selling, retail and common folks were buying. Now this headline, it’s cause they are now buying. They want liquidity.