The rather obvious reality is if you cut interest rates then money has no other place to go than into equities.
Normally lowering rates would be great for bonds too but at this point in the game you can tell folks are nervous and the money is staying out of the debt markets (public vs private). There's still a few out picking up pennies in front of the steamroller but at a certain point the balance will tip completely. CBs are trapped and have no choice but to keep buying or the whole house of cards comes down (not to mention gov't deficits would skyrocket).
I exited for the close on the 10th since we elected daily reversals on the Nasdaq and Dow. we have another daily bullish at 26966.10. This month is a panic cycle so we either move to the upside to 28k area or retest the lows made the previous month if we elect the weekly bullish at 26951.82 it should be to the upside.
August is a turning point and October is the next so a high in August implies a low in October. the week of the high/low looks like the week of the 29th or the 5th.
So Gumbi you entered at around 26900 (Jul 5) and exited around 26850 (approx close on Jul 10)?
Just trying to make sure the details on the trade are clear.