The market has been in a consolidation phase leading up to the Fed reunion. Considering the market's reaction to Powell's recent statements, my bias remains bullish unless there are any significant fundamental changes.
"The market has created a significant Fair Value Gap, which is typically filled over time. Recently, there was a significant drop followed by a bullish trend. I believe the retracement occurred due to bond expirations. I am waiting for a reliable reversal pattern to indicate a bullish start to the next week.
As always, we adapt to the market and react...
These high demands have previously proven to be difficult to achieve, and it is highly probable that the market will experience a rebound from these levels, unless there are any significant shifts in fundamental news that could alter the market's current direction.
