Bitcoin and the Markets: Tomorrow is D-Day ⚔️
Yes, tomorrow is gonna be HUGER than HUGE, tomorrow is judgment day, we like to call it D-Day because yes: it is that BIG you cannot ignore.
So here we go:
⚔️Tomorrow, Friday the 3rd/June is the Employment report for the USA, the all-mighty NFP ⚔️
Tomorrow will be HUGE HEADLINES therefor.
⚔️Not interested about headlines?⚔️
Well take a look at yesterday’s massive dip because of this headline: https://www.bloomberg.com/news/articles/2022-06-01/jamie-dimon-says-bank-is-bracing-itself-for-economic-hurricane?cmpid=socialflow-twitter-business&utm_medium=social&utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter
Again:
⚔️Employment is the KEY FACTOR as explained before: https://www.tradingview.com/chart/NQ1!/nOumM4lO-NASDAQ-Employment-Will-be-Key/
⚔️Previously we had calculated the Top for Nasdaq precisely here:
⚔️Tomorrow’s employment data will either ‘make us or break us’ in a huge way: https://www.bnnbloomberg.ca/fed-won-t-flinch-as-labor-market-starts-tailing-off-eco-week-1.1771709
⚔️⚔️⚔️⚔️Federal Reserve looks at EMPLOYMENT first before adjusting Monetary policy . ⚔️⚔️⚔️⚔️
It’s called the ‘Federal Reserve’s Dual Mandate’:
The Federal Reserve’s two mandates were shaped in the 1970s.
The first is to maintain maximum employment and the second is the keep prices stable while and long-term interest rates at moderate levels.2
Rather than trying to reach 100% employment, maximum employment means keeping it at levels that are seen in normal economic conditions when there is neither a boom nor a recession.
Stable prices and moderate long-term interest rates are deemed one mandate.
Long-term interest rates are set with an eye to managing pricing pressure and inflation .
ref: https://www.investopedia.com/articles/investing/100715/breaking-down-federal-reserves-dual-mandate.asp
Bitcoin will follow the markets, the markets will follow the NFP, we expect to have a nice dip to buy or a nice pump to short simply because volatility will be insane tomorrow, it could be Epic.
Professor is considering trading Live? Would you like that?
One Love,
the FXPROFESSOR⚔️
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