is improving. OBV bumping against a resistance level
and will look for a break for a positive confirmation of the move. SQZMOM_LB looks like it is setup for a large reversal, indicating it might be worth the risk, will be looking for improvement in the RSI
as well which has not been overbought since July, and is currently improving, and was just recently oversold in Late August. Additionally the chance of a FED Rate hike are decreasing for a raise in September "On Monday afternoon, federal-funds futures
was pricing in an 11% chance of a rate hike when the policy-setting Federal Open Market Committee convenes for a two-day confab on Sept. 20-21, according to CME Group
. That figure has been flipping around, but did take a leg lower from 19% after Federal Reserve Gov
. Lael Brainard said during a speech that the lack of inflation
pressure “makes the case to tighten policy pre-emptively is less compelling.” Confirmation of this should act as a catalyst in the long direction.