The S&P500 broke back into its price channel that startet on 30th october 2020
and is about to backtest that old demand line, if it is support again.
If market bounces off of it, we might be up for a wild rallye to the upper end of the channel.
If we fall below it, watch the 4.550 level for support.
FED has begun a cycle of rate cuts although they don't want us catching that idea. Trump is downright determined to get the FFR back to 0% as quickly as possible, going so far as to demand the FED to cut rates 100bps at yesterday's meeting. Powell made clear that the FED doesn't want to turn this into a "trend of rate cuts" but that they would take appropriate...
