Today isn’t “THE” end, but it’s the marker technically I was looking for.
It started with a post by one of my favorites on FinTwit and @NorthmanTrader did not disappoint while I was trapped in between meeting hell at the office:
So did Powell save the day?
Not really.
But the fat ass on the candle tends to indicate that perhaps this was not the “gravestone” doji that Sven was looking for. It could just as easily be a shooting star or ‘inverted pin’ depending on market action the next three days.
If I were to wager, we take three steps down to close the week, rally on Monday and Tuesday with the usual month end window dressing, then it is officially on like Donkey Kong in October.
Buckle up, because if you love market action, political theatrics, and historic events, we are all about to get to play along, invited or not.
