Good morning Traders,
FED chairman Powell confirmed the rate hike in the announcement yesterday, and also pointed to hiking rates 6 more times this year.
The market took this as a positive, as this is a sign of strength AND the FED getting the inflation under control.
Tehncially speaking, we have taken back and finally pushed through the 4320-4330 area, back into the middle of this thick zone. Path of least resistance is higher now, technically. I would expect the market to continue higher now, as it had ample reasons and chances to go lower in the last two weeks.
I would still caution everyone, as there are plenty of factors to contend with here on the news front.
FED chairman Powell confirmed the rate hike in the announcement yesterday, and also pointed to hiking rates 6 more times this year.
The market took this as a positive, as this is a sign of strength AND the FED getting the inflation under control.
Tehncially speaking, we have taken back and finally pushed through the 4320-4330 area, back into the middle of this thick zone. Path of least resistance is higher now, technically. I would expect the market to continue higher now, as it had ample reasons and chances to go lower in the last two weeks.
I would still caution everyone, as there are plenty of factors to contend with here on the news front.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.