Every time when FED raised or lowered the interest rates Bitcoin goes down but when they kept the rates at the same level for certain period of time, Bitcoin price increased. As you can see on the chart starting with June 2017 every time Bitcoin follows the FED decision. Pay attention for the next moves!
If rates do not get blocked by that weekly 200 ema and reject from the 1.64 lvl then I would say we are heading into some serious pain for risk assets with a C wave target of 2.14 basis points. IDK guys but im thinking 1.64 holds and SP500 completes my C wave around 4250. Then back up to 5,000 EOY
IF YOU THINK THE FED IS GOING TO CUT RATES GUESS AGAIN THEY ARE NOT
Rates up, spoos down. Divergence noted. Now we the question is who is wrong. Either way the two have to meet again somewhere. ES1! is below the midnight open price. Next support at 2583. Resistance now at 2595.5, next one - upper kelt around 2600.
IMO Mark Carney was very dovish on the margin, certainly reinforcing their/ my view of an August cut being 90% on the table. The most supportive statements were "MonPol Important In Cushioning Effects Of Any Relapse In Recovery In Months & Quarters Ahead", "The MPC Does Not Have The ''Luxury '' and "More Should Be Done To Cushion The Effects Of Negative Shocks" -...