Good morning traders,
WILD day yesterday after the FED announcement leaves the market in a precarious place. NQ is much weaker than the ES again, and there is momentum lower.
However, let's see if the market can actually hold onto some weakness, for once, or we rebound in the face of adversity.
I would keep an eye on news events today as I wouldn't be surprised if someone in the FED or the government tries to paint a rosy picture of something to try and "save" the market from the fear that something needs to be done to stop the rampant inflation.
WILD day yesterday after the FED announcement leaves the market in a precarious place. NQ is much weaker than the ES again, and there is momentum lower.
However, let's see if the market can actually hold onto some weakness, for once, or we rebound in the face of adversity.
I would keep an eye on news events today as I wouldn't be surprised if someone in the FED or the government tries to paint a rosy picture of something to try and "save" the market from the fear that something needs to be done to stop the rampant inflation.