SPY TECH WEEK EARNINGS

First thing from Friday pre-market a article came out about the feds starting to think about not raising rates or not being aggressive. That sent the market running since we have already priced in the 75% for November. Mary Daly says we are at or near neutral rate on Friday. If it wasn’t for that story Friday would have been a different outcome, I brought up Thursday that they might not raise rates in December I believe this will the case they have gone to far to fast. Stock Buy back window opens on the 28th to me that’s a important date billions of dollars will flow into the market. By no means does this mark the bottom imo possible start of a rally to 390s some say 400, but to many will try to get ahead of loading shorts and puts so plan accordingly. We have 2 outside bars on the daily chart a lot of people trapped but max pain will come to the 10/28 put position that’s where most of the money has gone. Bulls have already trapped the bears Friday. Also the dollar is looking weak thinking 110 will be support
This week we have huge earnings Thursday looking like the biggest
Tuesday we have consumer confidence data CCI pre-market
Wednesday new home sales
Thursday Q3 GDP report pre-market
Friday PCE inflation data very important number pre-market
The next 3 weeks are going to be banana’s so please trade your plan and as always trade what’s in front of you good luck