Your math formula of the day is Thursday=Wednesday.
It was honestly identical. Red futures in the morning. Red-hot inflation report. Futures sink. Then, half an hour into the trading day, it was straight-up from there. NQ ended the day bright green. All the same, my portfolio gained value yesterday and today, so blow me, P.T.B.
One flicker of hope is that the /ES closed precisely at its Fibonacci (and on the correct side, which is to say, beneath it).
I would also point out that even though volatility is smothered in its bed day after day, we have experienced an inflection point. Volatility is actually starting to slowly heat up again.
And if I may whine some – – why, oh why, can’t stocks act like GOLD and fall every single day, without fail, and irrespective of news? What a FANTASTIC bear market! Not an uptick in sight!!!!!!!!!
Oh, and one tweet of mine I’d like to share from today:
