The market has taken a hit every month due to the federal rate hike, and it does not look like it will be stopping anytime soon after last week's G7 meeting. Looking at this intraday analysis we can see a very clear market structure that gained a lot of bearish momentum at the end of last week. I will not be surprised if we revisit the target price outlined on the chart. I will be following up on this analysis in the middle of the week for sure!
Comment:
@ area of interest. There's actually a lot of bullish momentum for the sessions... I like :-)
Comment:
This needs to be reanalyzed