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Good Thursday Morning, MPTraders! November 13, 2025-- Pre-Market Update:-- The Government is up and running again, but who knows when to expect "official economic data" to be released for October, if ever? Hopefully, Jay Powell and the FOMC can otherwise arrive at a reasonable conclusion about the health of the economy, the labor market, and inflationary pressures before the December 10th Fed Meeting...-- With the foregoing in mind, there are several Fed Heads scheduled to give speeches today: Daly, Kashkari, Musalem, and Hammack...
Our Wave Setup on $AMGN from 9/8 hit its target today. 🎯📈💪👍Here is a look back at the original post and the official updates. 👇AMGN 9/8 - $279.45AMGN 11/11 - $338.
I have been warning that this region is treacherous, and it still is. There are several ways this can still resolve, but I really do not think an immediate run to higher highs is most likely. The question will be on how we go lower.As you know, once we broke the micro pivot the other day, I outlined the potential for the market to drop down to the 6550-80SPX region. And, that is still well within reasonable probabilities. I have added a path for that in purple on the 15-minute ES chart.
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