OverBought conditions and a substantial failure to maintain new highs, dint get a secondary test, that show a Lack of demand on the NASDAQ,
Bc and AR reactions
Results in a range bound conditions
Cause Building Needed
Change of Character reaction into Demand Line
The willingness of the Fed to act is not the risk. The risk is that the economy improves more quickly than anticipated and catches the Fed off-guard. Maybe though not completely off guard. Powell does acknowledge that the economy is showing signs of life:
Economic activity has picked up from its depressed second-quarter level, when much of the economy was shut...
theDXY its showing a lot of up momentum and strength for the, EURUSD]The Fed is not adding anything new at the moment and, in addition, Europe is unlikely to recover faster than the US, so EUR optimism and USD pessimism should be reviewed at this juncture. I still expect greater EURUSD downward pressure in the near future. Trade with caution also we have...