Should I add to my spot position? I have been trying to stop this move. Waiting is the best opportunity.
Powell's speech is over. The general meaning is that inflation rebounded, employment was not weak, and the US economy did not show any interest rate cut signals. It is very likely that the interest rate cut will stop.
If there is no interest rate cut by the end of this year, it will be bad news for the previous interest rate cut expectations. Therefore, we must pay attention to the high-level retracement of the big cake, and the copycat will bleed.
The current fear and greed index is 88. In the past, this time was the time when the risk was the greatest. I remember that the index should be around 94 during the last big drop. The big one is not far away.