I still think bitocin is leading markets and markets like tech/QQQ are playing out something like this in the chart.
With the two fed dates marked in vertical dashed lines.
May 5 FOMC talk I suspect actually makes matters worse when there is no indication of fed changing strategy and markets sell off into May 25 bottom after which fed says something dovish - this will set up a bull trap for their institutional buddies to sell into. I think the game is entirely rigged not by the fed but by the people who control the fed who are manipulating the market when they can to suit narratives that the public buys off on.
With the two fed dates marked in vertical dashed lines.
May 5 FOMC talk I suspect actually makes matters worse when there is no indication of fed changing strategy and markets sell off into May 25 bottom after which fed says something dovish - this will set up a bull trap for their institutional buddies to sell into. I think the game is entirely rigged not by the fed but by the people who control the fed who are manipulating the market when they can to suit narratives that the public buys off on.