Trying To Bounce

126
Thu, Sep 30, 2021 - 10:39am

It has been another difficult week thus far but the selling pressure has eased just a bit today as the POSX has pulled back from its highs of yesterday. But the week is far from over which means two things are still possible.

And what are those two things?

  1. With all of the data and Fed Goons scheduled for tomorrow, the POSX could still surge to that 94.75 level I showed you on the chart in yesterday's podcast. If this happens, the Comex metals will end the week at their lows.
  2. The POSX falls tomorrow and the bond market rallies. If this happens, we'd have
  3. ...

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Key Economic Events Week of 10/18

10/18 9:15 ET Cap Ute and Ind Prod
10/19 8:30 ET Housing Starts
10/19 3:00 ET Goon Waller
10/20 1:00 ET Goon Quarles
10/20 2:00 ET Fed Beige Book
10/21 8:30 ET Philly Fed
10/21 10:00 ET LEIII
10/22 9:45 ET October Flash PMIs

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