Beginning of next market rally?

FX:SPX500   S&P 500 Index
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Wall Street has posted the sharpest rally in a month today. Looking at this 6 month chart, large up days following dips in the market, have been the bottom for the most recent 5 market rallies. If the pattern repeats, we could see the SP             500 regain 2100 levels next week.
what if FED is gonna announce first interest rate hike?
TipdOff zhou.zhaofan
Yes, it's obviously a concern, but that's in part what last week's selloff was all about - investors fearing a rate hike. Today's selloff seems to be about oil oversupply and a strengthening dollar. Goldman Sachs slashed euro forecasts, sees new low of $0.80 by end of 2017.
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