SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off.
So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy.
However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing.
WAS on the same page, thought we had one more little push up before dropping, but the market cut the corner pre-market (as it has done so many times now), so failed to get out as much as I wanted too, lesson learned. where you think this will go from here?
Bill_Howell
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Nice call. Funny how (fast, hard) psychology changes. All the truths of yester-year melted away with the snow.
where you think this will go from here?