Wall Street: When market hysteria meets reality

In this screencast I show how I interpreted the bull run on the daily and how I entered on a 30 min time frame.

Everybody (almost) went 'Wooohoooo!" when Trump made announcements that trade war with China was on hold. There was also the Wooohooo thing when Powell made his politically correct statement, which actually didn't say anything about halting interest rate rises.

Well.. well.. reality hit home shortly after each of those two events creating bull runs.

To be clear, nothing I say means that the markets cannot go north like crazy. I simply don't care! Why? Because I control my acceptable loss.

Comment:

OMG!! A few words from Trump that he is "...Tariff man", caused the markets to hit the deck. Trump let the cat out of the bag by saying on Twitter, " “But if not remember, I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power.” This soooo spooky.. how could a bunch of indicators on a chart 'know' what will happen next? - is the wrong question. Indicators cannot 'know' anything. Indicators and price action point to market stability or instability. Chaos theory gives an insight into areas of instability.