New money is not lasting.
If market sells off that would be a bad sign because that would mean that the FED meeting is dragging the market down even with the new money.
So if new money can't sustain a higher market today it won't tomorrow.
Conversation
Replying to
Yeah I'm being very conservative this week in terms of position size and profit taking, I'm taking anything I can get until the mess is over
Replying to
Must see next candle. Might give a sell signal or May bounce off 50. No one knows
Replying to
It was an algo sell from bond market. Jolts showed increase of jobs openings. 10 yr bond yield shot right back up. Dollar up.