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Don't Fight the Fed!

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forexbrokr.
@forexbrokr
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Direct from the desk of Dane Williams.



I'm actually glad ZeroHedge was removed from Twitter jail and their loonie bin content flashes across my timelines from time to time.

They may be somewhat conspiracy theorists, but don't forget that all of us who have crypto in our portfolios, has to believe that part of what they say is truth.

Being Saturday in Asia and the forex markets being closed, I thought I'd share this beautiful ZeroHedge chart of the S&P 500, overlayed with the Fed balance sheet:

https://www.zerohedge.com/s3/files/styles/inline_image_desktop/public/inline-images/2020-06-18_1.jpg?itok=wQ69xGSO

"The Fed has spent just $173bn out of its potential $495bn in firepower (and it can always add more)."

Wow.

My entire trading strategy is about going with the flow and never fighting momentum.

Normally I'm talking about tagging on the back of institutional forex flows, but in equities that's the Fed propping up markets like that.

All I can see is the SPX grinding higher, so if you're going to play it from either direction, you better be a buyer.

Best of probabilities to you,

Dane.



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