SPY WHAT A MESS

Two speeches at the same time wtf who planned this. Powell was boring he said no cuts and things will get bumpy the usual. Yellen says “not considering broad increase in deposit insurance” bam sell off at the end of the day it was like yin Yang today totally opposite of each other’s speeches. Powell says they are insuring Yellen says they are not, no protection for banks. April is right around the corner and normally it’s a bad month. So all in all great news for the bears, keep an eye on 387. But the dollar is weak so more range bound in the future. Like I’ve been saying it’s the year of confusion things are so bad we should be at 360 already but the jobs and people buying and life goes on is keeping things level. Any dip is seen as an opportunity people think October was the low. So in the meantime don’t get attached to one side or another no bias be ready to switch quickly don’t force the trade because you need to be right
As always trade what’s in front of you good luck