The DJI has formed a Rising Wedge Pattern, the RSI is also showing a Bearish Divergence. Good luck betting against the Fed propping up markets, but it might be smart to take a little caution here.
You can copy this chart as your own to get the indicators.
Required Reserves of Depository Institutions, in $ Billions
FRED: fred.stlouisfed.org
Announcement: www.federalreserve.gov
FAQ: www.frbservices.org
Explanation: This action eliminates the need for thousands of depository institutions to maintain balances in accounts at Reserve Banks to satisfy reserve...
