Going along with my usual 'Key Hidden Levels' in the markets perspective that NEWS is an important price level to mark on charts so it is visible to everyone, I have created the update to the "Rate Hiking Cycle" chart.
The purple triangles and lines are the range of the day of the announcement and the mid-point of the day plotted horizontally forward.
With this data you can see how past levels where the Fed Rate Decision occurred has provided either support or resistance to the movement of the market. Typically it hasn't been as obvious the the observer of a chart all by itself without these markings.
At some point these important news levels will be visible for all of us investors so we can see and understand more quickly how the market is absorbing or dealing with the news.
I hope you enjoy this chart an continue to update it for yourself. I will work to get these dates into the system so you can all see them on every chart.
Wishing you all the best in your investing and trading.
Tim
1:48PM, Thursday May 23, 2024
The purple triangles and lines are the range of the day of the announcement and the mid-point of the day plotted horizontally forward.
With this data you can see how past levels where the Fed Rate Decision occurred has provided either support or resistance to the movement of the market. Typically it hasn't been as obvious the the observer of a chart all by itself without these markings.
At some point these important news levels will be visible for all of us investors so we can see and understand more quickly how the market is absorbing or dealing with the news.
I hope you enjoy this chart an continue to update it for yourself. I will work to get these dates into the system so you can all see them on every chart.
Wishing you all the best in your investing and trading.
Tim
1:48PM, Thursday May 23, 2024
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