There’s basically no suspense left for Thursday’s Fed event, and Trump wants to use the opportunity to give the market a boost. But just look at the current trend—it’s stuck in this range between 3180 and 3060, can’t go up or down, just stagnating.
The PPI data isn’t even out yet, and the market already looks soulless, with trading volume drying up. Frankly, everyone’s holding their breath, waiting for that “shoe to drop”—the real main event is the interest rate decision in the early hours of Thursday. The current back-and-forth is just different funds squaring off.
Personally, I lean slightly bullish today, but I won’t chase high prices. I’m focusing on three support levels: around 3050, 3020, and 2990, planning to build long positions in batches. Don’t set stop-losses too wide—moving them down 15 to 20 points is enough. Of course, this is just my own trading plan and not investment advice. The market is unpredictable, so you’ll need to go with what fits your risk tolerance.
On that note, these “waiting for news” markets are the most draining—patience matters more than skill.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
BearMarketNoodler
· 12-08 23:50
Instead of waiting endlessly for the market, it's better to wait for an opportunity.
View OriginalReply0
AllTalkLongTrader
· 12-08 23:40
Just do it, brothers.
View OriginalReply0
SandwichTrader
· 12-08 23:35
Focus on steady operations
View OriginalReply0
ImpermanentPhilosopher
· 12-08 23:33
I've been trapped in several waves.
View OriginalReply0
Fren_Not_Food
· 12-08 23:31
The market has already said it all.
View OriginalReply0
GoldDiggerDuck
· 12-08 23:23
Being bullish without chasing highs is the right approach.
There’s basically no suspense left for Thursday’s Fed event, and Trump wants to use the opportunity to give the market a boost. But just look at the current trend—it’s stuck in this range between 3180 and 3060, can’t go up or down, just stagnating.
The PPI data isn’t even out yet, and the market already looks soulless, with trading volume drying up. Frankly, everyone’s holding their breath, waiting for that “shoe to drop”—the real main event is the interest rate decision in the early hours of Thursday. The current back-and-forth is just different funds squaring off.
Personally, I lean slightly bullish today, but I won’t chase high prices. I’m focusing on three support levels: around 3050, 3020, and 2990, planning to build long positions in batches. Don’t set stop-losses too wide—moving them down 15 to 20 points is enough. Of course, this is just my own trading plan and not investment advice. The market is unpredictable, so you’ll need to go with what fits your risk tolerance.
On that note, these “waiting for news” markets are the most draining—patience matters more than skill.