Good morning traders...
After powell spoke yesterday, the markets went higher. Not sure what to make of the news about the interest rate hike/inflation coupled with all of the Russia/Ukraine stuff.
However, the market is holding on to technical levels pretty well, which is not always the case in high volatile environments. I would expect to see 4500 next, without any news headlines. This DOES NOT mean that it has to be fast, or today, but I think that's the next destination.
After powell spoke yesterday, the markets went higher. Not sure what to make of the news about the interest rate hike/inflation coupled with all of the Russia/Ukraine stuff.
However, the market is holding on to technical levels pretty well, which is not always the case in high volatile environments. I would expect to see 4500 next, without any news headlines. This DOES NOT mean that it has to be fast, or today, but I think that's the next destination.