Askhat_Kulchiyev

SPX In Anticipation of the Hike Rejection

Long
SP:SPX   S&P 500 Index
1. CPI/FOMC (13th / 14th Dec)

2. Rally Post mid elections (Georgia is Rep)

3. Fib Retracements

4. MA 50 as a support

5. Lets wait for daily closing above MA 200 as a Support

6. Let get downtrend for DXY confirmed (inverse to SPX)

7. Logic: FOMC eventually will decrease the rate (due to decreasing inflation) -> treasury price (inverse) down -> flow of funds from fixed income to equities.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.