November 3, 2022

Good morning. One Update needed for the open today. Yesterday's price activity was absolutely wild from release, through Powell's statement, and into the close. Market became actually unhinged into the close and we hate to see that type of price activity. The Fed release painted a completely different picture compared to his statement spoken. Did not align at all and makes you truly wander what the point was, and it showed with the massive swing from +450 to down 500. Powell was all over the place. The language was clear in the statement released but he purposely tried to talk it down. We will watch price activity closely at the open. I cannot stress this enough; do not be surprised to see further swings and a positive close. Watching that closely but this current range we are in 3720 – 3740 on the S&P is massive. If you recall from weeks ago, we break below 3620 and 2500 comes quickly. But should we hold…an unexpected ramp can take place.

Update:

PLTR stop adjusted to 8.00

Be ready today, we will be releasing new trade opportunities. Year-end close cycle still remains. Let's have a great session.