Looking like a lower high and near enough to be called a double top. Price action looks weak, expecting some short term bearish movements.
Targets are 2880, 2820 and with a possibility of going as low as 2740.
Do not despair, these prices will still be a very healthy higher low, and we will still be in an up trend.
I must note caution here, I am not actually...
First of all, kudos to all of those who rode yesterday's rally!! I rode it with good size and closed near the close sequentially, around 210.50s in average exit price.
On wednesday 18th, the FOMC committee communicated two big shifts in its forward guidance regarding the interest rate path:
1. Lowering the Fed Funds Rate forecast for the end of 2015 (from 1,125%...