Technical Analysis and Outlook
The Spooz downward spiral continued this week - Mean Supports 3955 and 3890 were hit extensively. The downward spiral to the Interim Inner Index Dip 3820 will continue this upcoming week and possibly trigger a significant retest of the Key Sup and Interim Inner Index Dip 3785. The main upside target is designated to Mean Res 3927...
So finally the rumors of an increased rate hike was the time to go short (sell) and the actual results was the news to buy...
Usually we say 'Buy the Rumors- Sell the News' but this time it was the other way around.
⚠️🇺🇸🍿👀 Below i will inform you about the FEDS press conference, especially the best ones.
- Real GDP growth accelerated this quarter ✔️ good news...
Normally inflation falls when there's a recession, but this time that is not happening. Central banks (including the FED) have pumped too much liquidity into the system over recent years and even with the threat of recession, we're seeing some scary inflation data.
From the U.S. Bureau of Labor Statistics: "For the year ended January 2020, within final demand...
