Hello everyone. I was actually waiting for the fed minutes coming out yesterday. As expected, the tone moved market down following the minutes that took place in July.
Fed discussed starting to remove some of the stimulus off, likely before the year end. Officials reiterated tapering would not mean an imminent interest increase.
In my opinion, the tone was soft, they just started to discuss the issue, not in a rush way. However, market reacted with drastic drop yesterday and seek support between the first defense and second defense zone. As I mentioned in my linked idea, the first defense is a bit weak. It actually was tested twice before breaking through.
I still adopt buy the dip strategy. The nearest trouble level is 15000,followed by the fresh record high.
Fed discussed starting to remove some of the stimulus off, likely before the year end. Officials reiterated tapering would not mean an imminent interest increase.
In my opinion, the tone was soft, they just started to discuss the issue, not in a rush way. However, market reacted with drastic drop yesterday and seek support between the first defense and second defense zone. As I mentioned in my linked idea, the first defense is a bit weak. It actually was tested twice before breaking through.
I still adopt buy the dip strategy. The nearest trouble level is 15000,followed by the fresh record high.
Comment:
The nearest trouble level is terminated. Good news for bullish buyers.
plan your trade and trade your plan
