Relief Rally or Disbelief Rally

2022-05-04 / Bruce Marshall

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In today’s video, we break down the crazy “relief” rally we had today after the FED meeting and Powell’s comments. We ripped higher by 161 points in the ES and took out a lot of shorts. Every time I think we have seen the wildest moves, we get even more. Where do we go from here? We discuss the reasons we could have more upside and/or an eventual pullback.

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Bruce Marshall

Bruce began his career working for a Wall Street firm on a bond desk after the Crash of ’87. He spent several years trading bonds until he switched to the equity side which developed his love of trading equities and options early on. He traded IPO’s, secondaries, and preferred’s. In the early days, he actually had to hand write “tickets” to buy and sell securities.

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