FOMC game changer.
I expect that the rate will be hiked 1 time - according to the market.
But with all that Yellen will tell that rising dollar is "scary" thing and Fed will not hike rates fast and will need time to see how the market behaves.
Thats why banks/financials (one of the reasons why S&P is growing) will fall into correction of their rally.
This will pull S&P down, GOLD up, DXY down.
So I also recommend to close long positions in stocks at that all time highs.
Will the banks buy that dip or this will be the "yearly" gamechanger - will find out soon.
I expect that the rate will be hiked 1 time - according to the market.
But with all that Yellen will tell that rising dollar is "scary" thing and Fed will not hike rates fast and will need time to see how the market behaves.
Thats why banks/financials (one of the reasons why S&P is growing) will fall into correction of their rally.
This will pull S&P down, GOLD up, DXY down.
So I also recommend to close long positions in stocks at that all time highs.
Will the banks buy that dip or this will be the "yearly" gamechanger - will find out soon.
Trade active
Trade closed manually:
That was a bad chart.
Bad entrance, bad timing, bad levels.
The direction - was good.
But now i start thinking this is probably it.
Bad entrance, bad timing, bad levels.
The direction - was good.
But now i start thinking this is probably it.
Comment:
will try to hop on to SHORT with target 1110-1102 zone.
