Thoughts for Wednesday 10/18

Powell on tape on Thursday at noon EST before quiet period

We had great setup for those who trade globex. This gave good 20+ points. After RTH we shorted 74 for 10 ish points and then longed 74 for few points. We got out of long little early and tried short against 90 area where I did say if bears can’t take out 80 quickly then this is going to moon and it indeed went 30+ points up. We longed 4404 area and liquidated after catching few points. Most of the afternoon was really choppy between 04 to 94 so we stayed away.

Econ for full week:

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