XJO - AUS200

Plan to short post CPI's digested
s/r level 15 mins

levels tba

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

a lot of buying pressure
with potentially around the corner pauses, fed's and rba's,
it could turn bullish.

narrative is controlled too
as mccarthy is now saying debt ceiling nego is buoyant.

short trades only from now
w bullish sentiment.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

Increasing unemployment - 3.7%
less employment - full time and part time

Responded positively - hike
by XJO market participants
albeit shortly



US job data tonight
Biden leaves for Japan Wed US time


Very choppy market
Not a good time

Nasdaq is sustained by the fangs

Downtrend has come
GDP tonight
likely to slow
Re enter tomorrow morning


Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

Can go up to 159 at 9.50
re enter then prior 9.54
enter 150 to 135
closes at 10.05

won't re enter
11.30 retail sales


Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

But it didn't

Meander
a lot of fightings
between bull and bear
a bit too scary to short to 7100 or even 110 on a friday
w a potential of explosive news over the w/e


End of month, 31/05, next Tuesday
X date, 01/06, Wednesday or Australian's Thursday

I'm out
Play safe



Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

rebounding now

seemingly creating buffer for likely to be soft PCE tonight

will work tonight

Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

indeed rebounding to 7150

this has the risk, tech analysis wise, to rebound strongly
to 180

sentiment wise
there's this talk that kicking the can is favoured - can go up strongly
econ data wise
if PCE is favoured - can go up strongly too

trap wise
US public holiday monday
can meander till Wed
too long to be trapped
then Thursday - Friday job data out.

unless chart + fundamental + sentiment align, i'm out

Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023

moved up higher than i thought
sat morning work
fueled w alcohol
will (definitely) be revised later when sober

technical analysis wise can move up to 300
buoyed by
- sentiment - talks were seen as + and tech
- fundamental - they're concern w inflation (still high altho decreasing), wage growth (still high although showing signs of easing), house price & strong migration (contributes to inflation)

ours seems decent, inflation is peaking, wage price index is as expected, unemployment rate is increasing albeit still very low,
private house approvals still as expected
they still worry inflation can flare up
can still hike and can still pause
i doubt it'll go much much higher or much much lower
will just box, w downward bias

US' no comment
inflation is increasing again - cpi, ppi and pci
job (questionably) still tight
BOT, corp profit, retail sales still +
PMI manuf and services still ok
but corp profits -
personal income and spending, i think inlcusive of inflation, still strong
cant make sense, too much alcohol

playing it safe, will re-enter possibly after us lead, ie on wed after au cpi
before jolt
and thurs-fri job - always fudged aka revised

or if not, post fomc 15 june being digested

time to get sober



Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023



not so sober yet
more drinking

but
https://www.cnbc.com/2023/05/27/whit...s-default.html

decision hasn't changed
wait out for news being digested
circa
tentative next Wed post AU CPI during retracement
before entering
if entering



Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023



Woke up too late too trade
the downfall is too risky to trade

sunday, up to sunday (US), is senate vote
https://edition.cnn.com/2023/05/30/p...est/index.html


]

sick for one 1!

runs the risk to go up to 7140 or even 7160 level prior CPI/PPI/FOMC next Tues - Thurs,
before resuming downtrend, first testing 120 level, then 120-100 level.
Still bearish, supported by time (EOFY + dividends pay out), fundamental (econ growth slows), longer term chart.

Etoro https://etoro.tw/3NQM7Uz
IG https://referme.to/meikes-5
Wordpress https://wordpress.com/refer-a-friend...spG9yxoKoxLkQ/
Surveys https://www.swagbucks.com/profile/PhoenixPadi
IG https://www.instagram.com/financial_freedom_by_2023


https://www.tradingview.com/chart/AU...ce-Asian-Time/